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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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117 Mill St , Orono, ME 04473
$599,900
Est. Payment: $3,095.23/mo
0 Bed
2 Bath
9120 Sqft
Status: active | Days on site: 19
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Orono, Maine Multi-Use Investment Opportunity | Mill Street, Orono Well-positioned multi-use property offering strong investment potential in a highly accessible Orono location. This vacant three-story building provides flexibility for an owner-investor or operator to establish lease structures, rental rates, and tenant mix based on current market conditions and permitted uses. The property supports a variety of potential configurations, including residential, office, and commercial applications (subject to local approvals). Its vacant condition allows for immediate updates, leasing, or occupancy without existing tenancy constraints, offering a streamlined path for repositioning or redevelopment. Recent improvements include updated heating systems and a reinforced foundation, supporting long-term stability and operational efficiency. Residential units are equipped with in-unit washer and dryer connections, and one unit is offered furnished, providing added flexibility for short- or long-term rental strategies. Located on Mill Street with strong visibility, the property includes a garage on site and ample on-site parking to accommodate tenants, customers, or mixed-use configurations. Public transportation access further enhances convenience and connectivity. The location offers close proximity to downtown Orono amenities, including dining, retail, services, and recreation. The nearby University of Maine supports steady demand drivers for both residential and commercial space, while regional transportation access enhances overall accessibility. This property presents a versatile opportunity for investors, owner-users, or developers seeking a flexible asset with repositioning potential in a strong market environment. Schedule a private showing to explore the possibilities this property offers.

Highlights

Listed by Adrian Nadeau , 207-947-3363 and Bruce Bragdon , 207-947-3363 ERA Dawson-Bradford Co. , 207-947-6788. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.25

Year Built

1910

County

Penobscot

Listing ID

1669977

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:2
Floor:Carpet,Vinyl
Above Ground Sq Ft:4560
Below Ground Sq Ft:4560
Basement:Interior Entry,Full,Unfinished
Other:Public

Exterior Features

Lot:Near Shopping,Suburban,Level,Open Lot,Sidewalks
Zoning:HDR
Roof:Membrane
Sewer:Public Sewer
Parking Features:Paved,5 - 10 Spaces,On Site,Detached
Principal Interest
$3,095
Taxes
$714

Home Price

$599,900

Loan Details

30 yrs
6.695%

Down Payment

20%
$119,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,095.23

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,095.23 $713.75 $0.00 $3,808.98
Yearly $37,142.72 $8,565.00 $0.00 $45,707.72
Total $1,114,281.55 $256,950.00 $0.00 $1,371,231.55

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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Market insight data is pulled from the same city as the listing being viewed (Orono, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing data is derived in whole or in part from the Maine IDX & is for consumers personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.


IDX service by Blueroof 360

Data last updated: 2026-08-02T05:33:23.000Z

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