117 Mill Street, Orono, ME 04473
Local realty services provided by:CENTURY 21 North East
117 Mill Street,Orono, ME 04473
$549,900
- - Beds
- 2 Baths
- 4,560 sq. ft.
- Multi-family
- Active
Office: era dawson-bradford co.
MLS#:1669977
Source:ME_MREIS
Price summary
- Price:$549,900
- Price per sq. ft.:$120.59
About this home
ORONO, Maine Multi-Use Investment Opportunity - Offered Below Tax Value! Take advantage of a versatile investment opportunity in a convenient Orono location, now offered below its $565,100 tax value. Situated on Mill Street, this vacant three-story property offers a rare combination of flexibility, visibility, and potential for an investor, owner-occupant, or developer. The building's vacant status provides the freedom to move forward with your own plans—whether updating, leasing, occupying, or repositioning the property to meet current market demand. With potential for a variety of residential, office, and commercial uses, subject to local approvals, the possibilities are wide open. Recent improvements, including updated heating systems and a reinforced foundation, add to the property's long-term appeal. Residential units feature in-unit washer and dryer connections, while one unit is being offered furnished, creating additional flexibility for either short- or long-term rental opportunities. The property also includes a garage and ample on-site parking, providing convenience for tenants, customers, or a variety of mixed-use configurations. Public transportation access and the Mill Street location further enhance accessibility. Located close to downtown Orono, the property is convenient to local restaurants, shops, services, and recreation. The nearby University of Maine adds another layer of appeal and potential demand for both residential and commercial space. Whether you are looking to expand your investment portfolio, establish your own business location, or explore a redevelopment opportunity, this multi-use property offers flexibility and potential in one of the area's most desirable communities. Offered below tax value, this is an opportunity worth exploring. Easy to show—come see the many possibilities....
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Home facts
- Year built:1910
- Listing ID #:1669977
- Updated:September 10, 2026 at 10:41 AM
Rooms and interior
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Vinyl
- Basement Description:Full, Interior Entry, Unfinished
- Living area:4,560 sq. ft.
Heating and cooling
- Heating:Baseboard, Gas Bottled, Heating, Hot Water, Zoned
Structure and exterior
- Roof:Membrane
- Year built:1910
- Building area:4,560 sq. ft.
- Lot area:0.25 Acres
- Lot Features:Level, Near Shopping, Open Lot, Sidewalks, Suburban
- Construction Materials:Masonry, Stucco, Vinyl Siding
- Foundation Description:Poured Concrete, Stone
- Levels:Multi Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$549,900
- Price per sq. ft.:$120.59
- Tax amount:$8,565 (2025)
Parking
- Parking description:5 - 10 Spaces, Detached, On Site, Paved
- Garage:Yes
- Garage spaces:1
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