Share This Listing

Message

966 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • 4 Units: 2 Commercial / 2 Residential
  • Professionally Managed & Maintained
  • Ample Private Parking
  • Excellent Downtown Location Near Major Highways

Executive Summary

PRICE ADJUSTMENT! Downtown Danvers Mixed-Use Investment - A rare chance to own a well-maintained, professionally managed mixed-use property in the heart of downtown Danvers. This income-producing building includes four units: two street-level commercial spaces and two residential apartments above, offering strong cash-flow potential and long-term investment value. The commercial spaces provide excellent visibility and flexible layouts suited for office, retail, or service type businesses. The spacious, well-kept apartments appeal to long-term tenants, while ample off-street parking adds a valuable downtown convenience. Just moments from restaurants, shops, public transportation, and major commuter routes, this property stands out in a highly desirable location. With a NEW PRICE ADJUSTMENT and a MOTIVATED SELLER, it offers exceptional value for investors and owner-occupants alike. Showings by appointment only.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,500 SF
Building Class
C
Year Built
1900
Price
$1,325,000
Price Per SF
$294.44
Percent Leased
64%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,200 SF
Building FAR
0.10
Lot Size
1.08 AC
Zoning
R1

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 21
  • 1,600 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Build-Out Available
1st Fl-Ste 21 1,600 SF Office Full Build-Out Now

1st Fl-Ste 21

Size
1,600 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now
Moderately walkable
70/100
Moderately drivable
70/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • DANV-000043-000000-000380
  • 043 380 032
Land Assessment
$0
Improvements Assessment
$1,129,500
Total Assessment
$1,129,500
  • Listing ID: 37916070

  • Date on Market: 10/2/2025

  • Last Updated:

  • Address: 15 Cherry St, Danvers, MA 01923

Contact the Sale Advisor

15 Cherry St

Have an account? Log In

What's your inquiry about?*

Select Option

Select at least one option

Preferred Date*

Preferred date is required

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hmm, there seems to have been an error sending your message. Please refresh the page and try again.

Your message has been sent.
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}