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Downtown Danvers Mixed-Use Investment - Rare opportunity to own a well-maintained, professionally managed mixed-use property in the heart of downtown Danvers. This income-producing building features four units, including two street-level commercial spaces and two residential apartments above, offering strong cash-flow potential and long-term investment value. The commercial units benefit from outstanding visibility and flexible floor plans ideal for office, retail, or service use. The residential apartments are spacious, well-maintained, and attractive to long-term tenants. Ample off-street parking enhances the property's appeal, providing a rare convenience in the downtown setting. Located just moments from restaurants, shops, public transportation, and major commuter routes, this is a standout opportunity in a highly desirable location. New price adjustment and Motivated Seller create an exceptional value for investors and owner-occupants alike. Showings are by appointment only.

More Info

Basic Information

  • Mls StatusActive
  • Parcel Number 043380021,5015444
  • Unit Number21,22,23,24

Property

  • Acreage0.1

Exterior

  • RoofAsphalt/Composition Shingles

Property Information

  • Living Area 4,645
  • Lot Size Square Feet 4,500
  • Lot Size Units Acres
  • Square Feet4,645

Tax Information

  • Tax Year 2025
  • Taxes$18,926

Location

  • Address15 Cherry Street
  • Building Number15
  • CountyEssex
  • NeighborhoodDanvers Center
  • StateMA
  • StreetCherry Street
  • SubdivisionDanvers Center
  • TownDanvers
  • Zip01923

Basic Information

  • List Price$1,390,000
  • MLS Number73438789
  • Modification Date04/21/2026

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available
  • Year Built1900

Other

  • Date Listed10/02/2025
  • Farm Land Area Units Square Feet
  • View Count3

Map Location

Listed by Stephen Velonis of Coldwell Banker Realty - Lynnfield

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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