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$325,000 Just Listed

  • For Sale
  • Active
  • Commercial
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We are pleased to present Unit #2 at 21 Chestnut Street, Portland, a stabilized investment opportunity featuring a long-standing neighborhood retailer. The property is offered at a 10% capitalization rate based on first-year rental income and is secured by a newly executed seven-year lease. Peace Food Market has successfully operated at this location since 2009, demonstrating consistent performance and strong ties to the surrounding community. This offering provides investors with an established tenant and long-term income stability in a desirable Portland location.

Full Property Details for 21 Chestnut St #2

General

  • Price: $325,000
  • Taxes: $3,506 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MREIS
  • MLS ID: 1656614
  • Updated: 4/6/2026
  • Added to Site: 2 day(s) ago

Business

  • Business Type: Retail

Parking

  • Parking Features: On Street

Location

  • County: Cumberland

Structural Information

  • Building Size: 1315
  • Square Feet: 1,315
  • Living Area: 1,315 Sq. Ft.
  • Year Built: 2007

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,791.6
  • Zoning: B-3
  • Lot Description: Downtown, Business District

Financial Considerations

  • Tax Amount: $3,506
  • Tax Year: 2024

Disclosures and Reports

  • Block: C10
  • Lot Number: 2

Listed by The Dunham Group (207) 773-7100

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Listing agents

— 21 Chestnut St #2 —

  • The Dunham Group

    207-773-7100

  • The Dunham Group

    207-773-7100

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 21 Chestnut St #2

School District:Portland
NameGradesDistance
Howard C Reiche Community School
166 Brackett Street, Portland, ME 04102
K-50.8 mi
East End Community School
195 North Street, Portland, ME 04101
PK-50.9 mi
Deering High School
370 Stevens Avenue, Portland, ME 04103
9-122.1 mi
Casco Bay High School
196 Allen Avenue, Portland, ME 04103
9-123.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 21 Chestnut St #2 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/06/2026
Listed
$325,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 21 Chestnut St #2

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,506
4%
$233,600
—
2023
$3,366
6%
$233,600
—
2022
$3,179
5%
$233,600
—
2021
$3,034
-35%
$233,600
17%
2020
$4,639
—
$199,000
—
2019
$4,639
4%
$199,000
—
2018
$4,474
4%
$199,000
—
2017
$4,308
3%
$199,000
—
2016
$4,201
2%
$199,000
—
2015
$4,105
3%
$199,000
—
2014
$3,980
3%
$199,000
—
2013
$3,863
—
$199,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 21 Chestnut St #2

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by The Dunham Group (207) 773-7100

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21 Chestnut Street #2, Portland, ME 04101 (MLS# 1656614) is a Commercial property. 21 Chestnut Street #2 is currently listed for $325,000 and was received on April 06, 2026. Want to learn more about 21 Chestnut Street #2? Do you have questions about finding other Commercial real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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