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Located in the heart of downtown Rangeley, 2487 Main Street presents a rare opportunity to acquire a highly visible mixed-use commercial property with both immediate income and significant value-add potential. Currently occupied by the established Black Bear Trading Post, this prominent Main Street location benefits from steady year-round traffic from local residents, seasonal visitors, outdoor enthusiasts, and vacationers drawn to the Rangeley Lakes Region. The ground floor is home to Black Bear Trading Post, providing stable occupancy and income. Above the retail space are two undeveloped upper floors that offer substantial redevelopment potential. These levels could potentially be renovated into three to four residential apartments, subject to municipal approvals and permitting requirements. With Rangeley experiencing a strong demand for long-term rental housing and a limited supply of available units, the upper floors present an outstanding opportunity for investors or developers to create much-needed residential housing while enhancing the property's income potential. The combination of an established commercial tenant and future residential development possibilities makes this a compelling investment in one of Maine's premier four-season destinations. CONTACT LISTING BROKER- CHRISTOPHER C FARMER, ESQ, 207-450-4600
Property Type(s):
Commercial
| Last Updated | 7/21/2026 | Year Built | 1900 |
|---|---|---|---|
| County | Franklin |
Additional Details
| AIR | None |
|---|---|
| BASEMENT | Full, Partial, Yes |
| CONSTRUCTION | Aluminum Siding, Frame |
| HEAT | Forced Air, Oil |
| LOT | 5663 sq ft |
| LOT DIMENSIONS | 0.13 |
| MLS STATUS | Active |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 4328 |
| UTILITIES | Natural Gas Not Available |
| WATER | Public |
Listing provided by Morton & Furbish Agency
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
Additional school data provided by Onboard Informatics © 2026 Onboard Informatics. Information deemed reliable but not guaranteed.
Mortgage Calculator provided by Diverse Solutions © 2026
IDX data provided by Market Leader, courtesy of Maine Listings.
This IDX solution is (c) Diverse Solutions 2026.
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