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  • $399,999

    87 Park Street, Milo, ME 04463

    5beds
    7,650sqft
    Multi Family
    Built in 1980
    -- sqft lot
    $401,400 Zestimate®
    $52/sqft
    $-- Estimated rent

    Home value

    $401,400

    Estimated sales range

    Not available

    Not available

    Zestimate® history
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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Realty of Maine

    Bought with:

    Realty of Maine

    Source: Maine Listings,MLS#: 1651831MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Other, Blowers, Direct Vent Furnace, Forced Air, Heat Pump, Zoned
    Cooling
    • Heat Pump
    Features
    • 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, One-Floor Living, Shower
    • 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: Gravel, 21+ Spaces, On Site, Other, Off Street, Detached
    • Garage spaces: 6
    Lot
    • Size: 2.48 Acres
    • Features: Business District, Near Shopping, Retail Strip, Level, Open Lot
    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
    • Masonry, Wood Frame, Block, Concrete, Vinyl Siding
    • Foundation: Slab
    • Roof: Flat,Membrane,Metal
    Condition
    • Year built: 1980

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Milo

    Financial & listing details

    • Price per square foot: $52/sqft
    • Tax assessed value: $295,400
    • Annual tax amount: $8,271
    • Date on market: 2/13/2026
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/14/2026Sold$399,999-10.9%$52/sqft
    Source: Maine Listings #1651831 Report a problem
    5/19/2026Pending sale$449,000$59/sqft
    Source: Maine Listings #1651831 Report a problem
    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

    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

    Neighborhood: 04463

    Nearby schools

    GreatSchools rating
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