Renovated Mill Creative
100 Grove St # B-4, Worcester, MA 01605
For Sale
Contact for pricing
Historic industrial character combines with exposed brick, beams, and large windows for a distinctive professional workspace.
Property Size2,464 SF
Price / SF$2.08
Days on Market51
Property Features for 100 Grove St # B-4
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
exposed brick and beams
natural light
Building Details
Year Built
Construction
Tenancy
Listing Agency:
A & E Realty Company, Inc.
(508) 835-1190
Listed By:
Noor Al-Tahafee
(508) 736-3797
Source:
Churchillprop
Added: Sep 20
Changed: Nov 5
Last Checked: Nov 8 at 3:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of A & E Realty Company, Inc.
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Investment Insights
Based on property information with market context.
Suite B-4 occupies 2,464 square feet within a renovated historic mill building constructed in 1864. The creative office setting retains industrial details, including exposed brick, structural beams, 10' high ceilings, and large windows that bring in natural light. Modern professional amenities complement the building’s historic character.
The property is located at 100 Grove Street in Worcester’s Washburn and Moen North Works District, with immediate access to I-290 and I-190. The suite is designated BG-6 and is positioned for office or creative-space use.
The property is located at 100 Grove Street in Worcester’s Washburn and Moen North Works District, with immediate access to I-290 and I-190. The suite is designated BG-6 and is positioned for office or creative-space use.
Key Highlights
- 2,464‑square‑foot Suite B‑4
- Renovated historic mill building constructed in 1864
- 10' high ceilings with exposed brick and beams
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,915
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,300
$818.3K
Cap Rate 7%
$584,500
$584.5K
Cap Rate 9%
$454,611
$454.6K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$66.5K $27.00/SF
− Vacancy
−$12.0K −$4.86/SF
EGI
$54.6K $22.14/SF
− OpEx
−$13.6K −$5.54/SF
NOI
$40.9K $16.61/SF
Area
Worcester, MA
Vacancy
18.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,300
Cap Rate 7%
$584,500
Cap Rate 9%
$454,611
Alternative Uses
Best Use
Office B
$584.5K
$511.4K – $681.9K
NOI $40,915 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$822.4K
$719.6K – $959.5K
NOI $57,570 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,845
Businesses Nearby
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Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Creative space - Historic industrial character combines with exposed brick, beams, and large windows for a distinctive professional workspace.
Where is this creative space located?
The property is located at 100 Grove St # B-4 Worcester, MA.
What are key features of this property?
This property features: 2,464‑square‑foot Suite B‑4; Renovated historic mill building constructed in 1864; 10' high ceilings with exposed brick and beams
