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.
Pending
$449,000
87 Park Street, Milo, ME 04463
5beds
7,650sqft
Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$59/sqft
$-- HOA
What's special
Multi-bay garageNewer functional furnishingsHuge commercial warehouseEasy trail accessHeat pumpsFlexible layout
- 134 days |
- 16 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Realty of Maine
Source: Maine Listings,MLS#: 1651831
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, 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
- Garage spaces: 6
Lot
- Size: 2.48 Acres
- Features: Business District, 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
- 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
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,848/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Pending sale | $449,000$59/sqft |
Source: | ||
| 2/13/2026 | Listed for sale | $449,000+96.9%$59/sqft |
Source: | ||
| 7/30/2021 | Sold | $228,000$30/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $213,160 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 04463
Nearby schools
GreatSchools rating
- NAMilo Elementary SchoolGrades: PK-2Distance: 0.8 mi
- 1/10Penquis Valley High SchoolGrades: 5-12Distance: 6 mi
- NAMilo Elementary SchoolGrades: PK-2Distance: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Piscataquis County
- Milo
- 04463
- 87 Park Street


