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  • $449,000

    87 Park Street, Milo, ME 04463

    5beds
    7,650sqft
    : 
    Multi Family
    Built in 1980
    -- sqft lot
    $413,900 Zestimate®
    $59/sqft
    $-- HOA

    What's special

    Multi-bay garageNewer functional furnishingsHuge commercial warehouseEasy trail accessHeat pumpsFlexible layout
    87 Park Street, Milo - Multi-Use Investment Property with Cabins, Commercial Buildings & Endless Potential If you're searching for a smart investment with multiple income streams and true four-season appeal, this rare find in the heart of Milo checks all the boxes. Set on a high-visibility stretch of Main Street, this dynamic commercial property features six well-appointed rental cabins plus a versatile commercial building complex—perfect for maximizing both hospitality and business revenue. Each of the six rental cabins is designed for comfort and convenience, with heat pumps, microwaves, and newer, functional furnishings. Guests—whether snowmobilers, ATV riders, or traveling work crews—will appreciate the easy trail access and ample parking for trucks, trailers, and outdoor equipment. These 4-season units are ideal for weekend warriors, clubs, or long-term renters, making them a consistent income generator year-round. But that's just the beginning. The property also includes a huge commercial warehouse, showroom, and multi-bay garage—currently used as a car lot, auto repair shop, retail space, and storage facility. The building is outfitted with heat pumps and a newer, efficient waste oil burner, ensuring affordable, reliable heating throughout. With its flexible layout, high traffic exposure, and prime Main Street location, this property is ready to support a wide range of ventures—from equipment rentals and retail sales to automotive services, recreational outfitting, or expanded lodging. 87 Park Street offers versatility, visibility, and value—all in one package. Don't miss this chance to own a truly multi-faceted commercial property in a thriving recreational hub.
    49 days
    |
    595
    |
    26
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 13, 2026 at 09:32am

    Listed by:

    Realty of Maine

    Source: Maine Listings,MLS#: 1651831MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • Blowers, Direct Vent Furnace, Forced Air, Heat Pump, Zoned
      Cooling
      • Heat Pump
      Features
      • Flooring: Concrete, Laminate
      Interior area
      • Total structure area: 7,650
      • Total interior livable area: 7,650 sqft
      • Finished area above ground: 7,650
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 6
      • Parking features: Garage
      • Garage spaces: 6
      Lot
      • Size: 2.48 Acres
      • Features: Business District
      Details
      • Additional structures: Outbuilding
      • Parcel number: MILOM005L059001000
      • Zoning: Commercial

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Bungalow,Camp,Other
      • Property subtype: Multi Family
      Materials
      • Roof: Flat,Membrane,Metal
      Condition
      • Year built: 1980

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Utilities On

      Community & HOA

      Location
      • Region: Milo

      Financial & listing details

      • Price per square foot: $59/sqft
      • Tax assessed value: $295,400
      • Annual tax amount: $8,271
      • Date on market: 2/13/2026

        Estimated market value

        $413,900

        $393,000 - $435,000

        $1,848/mo

        Price history

        Price history
        DateEventPrice
        2/13/2026Listed for sale$449,000+96.9%$59/sqft
        Source: Maine Listings #1651831 Report a problem
        7/30/2021Sold$228,000$30/sqft
        Source: Agent Provided Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$8,050 +14%$295,400
        2023$7,060 +0.1%$295,400 +8.7%
        2022$7,053 +0.8%$271,800
        2021$6,999 +38.6%$271,800 +49.3%
        2020$5,051 +0.5%$182,000 +5%
        2019$5,027 -7.2%$173,360
        2018$5,418 +0.7%$173,360 +0.7%
        2017$5,378 -3.9%$172,110
        2016$5,594 +13.2%$172,110
        2015$4,940 +8.8%$172,110 -19.3%
        2014$4,540 $213,160

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $2,678/mo
        Principal & interest
        $2315
        Property taxes
        $363
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          Climate risks

          Neighborhood: 04463

          Getting around

          29 / 100
          Car-Dependent
          38 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 04463