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    1 Elm Sq, Unit L91 Andover, MA 01810

    For Sale
    $325,000

    Retail/office space in downtown Andover, steps from amenities and transport.

    Property size:
    1,472 SF

    Property Features for 1 Elm Sq

    General Information

    Standard status
    Active
    Size
    1,472 SF

    Building Details

    Year built
    1966

    Source: Lillian Montalto Signature Properties Agent Team Lillian Montalto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Andover Retail/Office Space

    Located in downtown Andover, this retail/office space is positioned near banks, shopping, restaurants, and the commuter rail. The property is situated in an iconic building with high foot traffic. The lower-level space includes three rooms with large mirrors and a lobby/reception area. The building features an elevator, handicap accessibility, and a FedEx drop-off box. Two parking spaces are included with the property. Currently used as a Yoga/Dance studio, the property offers 1472 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Office of Andrew ... Estate Planning Attorney Philip J Byers ... Lawyer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1406624
    Latitude
    42.6577295

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    FAQs

    What type of property is this?
    Retail space - Retail/office space in downtown Andover, steps from amenities and transport.
    Where is this retail space located?
    The property is located at 1 Elm Sq, Unit L91 Andover, MA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Prime Downtown Andover location with high foot traffic, steps from key amenities.; - Versatile retail/office space suitable for various businesses.; - Includes 2 dedicated parking spaces.
    (978) 475-1400
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Elm Sq, Unit L91 Andover, MA 01810
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