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    Ipswich, MA
    Conventional Restaurant

    Ipswich, MA Conventional Restaurants for Sale

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    Rowley, MA Hamilton, MA Essex, MA Topsfield, MA Wenham, MA Gloucester, MA Georgetown, MA Beverly, MA
    Mixed-Use Restaurant and Residence
    Updated: Jun 5
    Mixed-Use Restaurant and Residence

    57 East Street, Ipswich, MA 01938

    $974,500
    2,419 sqft
    Two‑level property built in 1909 with a second‑floor 2BR, 1BA apartment with private entrance
    First floor includes a professional industrial kitchen currently set up for high‑volume food service (bakery serving lunch and dinner)
    Property offers multiple use possibilities, including neighborhood bakery/restaurant/convenience store/retail and a package store for wine and malt beverages
    Includes a 342 SF out‑building used for extra storage (previously a bait shop)
    Convenient parking and a private‑entry apartment above the operational kitchen
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    This listing looks promising.

    Here's a quick look at some key insights for

    57 East Street, Ipswich, MA 01938

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    • Est. Cap Rate

      4.6%
      NOI ÷ price

    • Est. NOI

      $45K
      Annual

    • Price @ 7% Cap

      $639K
      Suggested

    • Last Sold

      Feb 2020
      $390K
    View Property Analytics
    Neighborhood Bakery with Apartment
    Updated: Sep 23, 2025
    Neighborhood Bakery with Apartment

    57 East Street, Ipswich, MA 01938

    $974,500
    2,419 sqft
    1909 two‑level property with food service/retail setup and a private‑entry 2‑bedroom, 1‑bath apartment on the second floor
    First floor includes a professional industrial kitchen set up for high‑volume food service (currently a bakery serving lunch and dinner)
    Continued use described for neighborhood bakery/restaurant/convenience store/retail package store with wine and malt beverages
    Includes a 342 sq. ft. out‑building used as extra storage (formerly a bait shop)
    Convenient parking and close proximity to the Ipswich River boat launch and park
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ipswich, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Oceanfront Restaurant on Bearskin Neck
    Oceanfront Restaurant on Bearskin Neck

    7 Tuna Wharf # 7, Rockport, MA 01966

    $1,500,000

    Restaurant with ocean views and rooftop deck on Tuna Wharf.

    View details
    Oceanfront Restaurant on Tuna Wharf
    Oceanfront Restaurant on Tuna Wharf

    7-7 Tuna Wharf, Rockport, MA 01966

    $1,500,000

    Turn-key oceanfront restaurant with full-service kitchen, first-floor bar, and rooftop deck seating.

    View details
    Turnkey Restaurant and Bar Opportunity
    Turnkey Restaurant and Bar Opportunity

    50 Rogers St, Gloucester, MA 01930

    $89,000

    135-seat bar and restaurant in prime Gloucester location.

    View details
    Iconic Waterfront Restaurant and Residence
    Iconic Waterfront Restaurant and Residence

    73 Rocky Neck Ave. 1&2, Gloucester, MA 01930

    $3,100,000

    Established restaurant with residence in historic Rocky Neck art colony.

    View details

    Ipswich, MA Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Ipswich, MA on our real estate platform. These investment opportunities span a total of 4,838 square feet of properties for sale, with an estimated market value of $1,949,000.

    Sale prices for conventional restaurants in Ipswich, MA average $974,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 2
    Commercial kitchens 1

    Demographics Overview

    Population 14K
    Population Growth (5Y) -0.6%
    Median Household Income $124,405
    College Educated 82.3%

    High-Yield Neighborhoods for Investment

    Identify Ipswich submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    01938 $974.5K

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $15.29 per SF
    Tax Rate vs County Average 0.57 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

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