87 Park Street, Milo, ME 04463
Property image
Property image
PENDING
2.48 ACRES

87 Park Street
Milo, ME 04463

  • 5 Beds
  • 6 Baths
  • 7,650 sqft (on 2.48 acres)

$449,000

$449,000

5 Beds
6 Baths
7,650 sqft
(on 2.48 acres)

Local Information

  • Map ViewExplore the area around 87 Park Street.
  • Schools2 Preschool Schools5 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination
Last check for updates: about 5 hours ago
Listing courtesy of Realty of Maine
Source: Maine Listings, MLS#1651831
Also Listed on Maine Listings.

Description

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.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$59
Listed
140 days ago

Home Details for 87 Park Street

Active Status

MLS Status: Pending

Interior Features

Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 6Number of Bathrooms (full): 6
Dimensions and Layout
Living Area: 7650 Square Feet
Appliances & Utilities
Utilities: Utilities On
Heating & Cooling
Heating: Other,Blowers,Direct Vent Furnace,Forced Air,Heat Pump,ZonedHas CoolingAir Conditioning: Heat PumpHas HeatingHeating Fuel: Other
Gas & Electric
Electric: Circuit Breakers
Windows, Doors, Floors & Walls
Flooring: Concrete, Laminate
Levels, Entrance, & Accessibility
Floors: Concrete, Laminate

Exterior Features

Exterior Home Features
Roof: Flat Membrane MetalOther Structures: OutbuildingFoundation: SlabNo Private Pool
Parking & Garage
Number of Garage Spaces: 6Number of Covered Spaces: 6No CarportHas a GarageNo Attached GarageParking Spaces: 6Parking: Gravel,21+ Spaces,On Site,Other,Off Street
Frontage
Road Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 7650 Square Feet

Days on Market

Days on Market: 140

Property Information

Year Built
Year Built: 1980
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Bungalow,Camp,Other
Building
Construction Materials: Masonry, Wood Frame, Block, Concrete, Vinyl Siding

Price & Status

Price
List Price: $449,000Price Per Sqft: $59
Status Change & Dates
Off Market Date: Tue May 19 2026

Location

Direction & Address
City: Milo

Agent Information

Listing Agent
Listing ID: 1651831

Building

Building Area
Building Area: 7650 Square Feet

Lot Information

Lot Area: 2.48 Acres

Miscellaneous

Mls Number: 1651831Above Grade Unfinished Area: 7650

Market trends in Milo

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
18
3MoM

Price History for 87 Park Street

DatePriceEventSource
05/19/2026$449,000PendingMaine Listings #1651831
02/13/2026$449,000Listed For SaleMaine Listings #1651831
07/30/2021$228,000Sold
N/A

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Property Tax and Assessment

Year2024
Tax$8,050
Assessment$295,400
Home facts updated by county records

Comparable Sales for 87 Park Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
24 Pleasant Street, Milo, ME
0.49
Multi-Family Home
$150,000
06/09/26
5
3
2,200
10 Railroad Avenue, Milo, ME
1.83
Multi-Family Home
$70,000
08/22/25
6
2
1,296

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 87 Park Street.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Milo

At least 3 Trulia users voted on each feature.

  • 100 % Say yards are well-kept

  • 100 % Say it's dog friendly

  • 100 % Say kids play outside

  • 100 % Say parking is easy

  • 78 % Say neighbors are friendly

  • 75 % Say there's holiday spirit

  • 75 % Say car is needed

  • 75 % Say it's walkable to grocery stores

  • 75 % Say people would walk alone at night

  • 71 % Say there's wildlife

  • 71 % Say streets are well-lit

  • 67 % Say there are sidewalks

  • 50 % Say it's quiet

  • 50 % Say it's walkable to restaurants

  • 33 % Say they plan to stay for at least 5 years

  • 17 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Patty W.
    "We don’t have any community events on our neighborhood. In winter people are pretty isolated. Snow makes it difficult to leave your house. "
    9
    Flag
  • Patty
    "There are many dogs in the neighborhood. People walk their dogs. Most are contained behind fences and not running loose. The town is very diligent about ensuring dogs have their rabies shots & are licensed yearly. "
    2
    Flag
  • Florida bound
    "Derby (part of Milo) is a historical former railroad area. Most the houses are over 100 years old. It’s getting run down. It used to be a friendly place. There has been a problem with drugs, domestic violence & illegal bonfires the last few years. "
    6
    Flag

LGBTQ Local Legal Protections

Realty of Maine
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and 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. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 206-424-8443
87 Park Street, Milo, ME 04463 is a 5 bedroom, 6 bathroom, 7,650 sqft multi-family built in 1980. This property is currently available for sale and was listed by Maine Listings on Feb 13, 2026. The MLS # for this home is MLS# 1651831.