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$2,975,000 -$1,320,000 (-30.73%) Price Reduced

  • For Sale
  • Active
  • Commercial
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Mixed-use building with Art Deco style construction in the heart of downtown Portland. Prominent visibility w/ frontage on both Congress Street & Free Street. 1st Floor condominium built out as 25,800± SF of climate-controlled retail space, supported by approximately 1,800± SF of warehouse space, & approximately 1,200± SF of office space. 2nd Floor space built out with four (4) leased residential condominiums, accessible via stairwell on Congress Street. Value-add component through upstairs residential condominiums & new owner's ability to build more units (see broker).

Full Property Details for 540 Congress St

General

  • Price: $2,975,000
  • Taxes: $64,077 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MREIS
  • MLS ID: 1629898
  • Updated: 2/19/2026
  • Added to Site: 225 day(s) ago

Business

  • Business Type: Commercial, Retail, Other

Parking

  • Parking Features: Other, Paved, On Street

Location

  • County: Cumberland

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Masonry
  • Roof: Membrane
  • Stories/Levels: 2
  • Building Size: 30877
  • Square Feet: 30,877
  • Living Area: 30,877 Sq. Ft.
  • Year Built: 1942

Lot Features

  • Lot Size (Acres): 0.58
  • Lot Size (Sq. Ft.): 25,264.8
  • Zoning: B-3
  • Lot Description: Public Transport Access, Near Turnpike/Interstate, Near Airport, Downtown, Business District, Near Shopping

Financial Considerations

  • Tax Amount: $64,077
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: H002005

Listed by The Boulos Company (207) 772-1333

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Listing agents

— 540 Congress St —

  • The Boulos Company

    207-772-1333

  • The Boulos Company

    207-772-1333

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 540 Congress St

School District:Portland
NameGradesDistance
Howard C Reiche Community School
166 Brackett Street, Portland, ME 04102
K-50.5 mi
King Middle School
92 Deering Avenue, Portland, ME 04102
6-80.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 540 Congress St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/19/2026
Price Reduced
$2,975,000
-30.73%
MLS
7/10/2025
Listed
$4,295,000
—
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 540 Congress St

Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
100%
2023
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by The Boulos Company (207) 772-1333

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540 Congress Street, Portland, ME 04101 (MLS# 1629898) is a Commercial property. 540 Congress Street is currently listed for $2,975,000 and was received on July 10, 2025. Want to learn more about 540 Congress Street? 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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