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    57 East St Ipswich, MA 01938

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    For Sale
    $975,000

    Historic Ipswich building with retail, restaurant, and residential potential.

    Lot size:
    0.13 Acres

    Property Features for 57 East St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1909

    Source: eXp Realty Agent The North Shore Realty Group

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

    Overview

    Ipswich Historic Mixed-Use Building

    This is an opportunity to own a piece of Ipswich history dating back to 1909. The property is suitable for continued use as a neighborhood bakery, restaurant, convenience store, or retail package store with wine and malt beverage sales. The second floor features a two-bedroom, one-bath apartment with a large living room/dining room and a private entrance. The first floor includes a professional industrial kitchen, fully equipped for high-volume food service and currently operating as a bakery serving lunch and dinner. The property offers convenient parking, great visibility, and enormous growth potential. There is potential to convert the building to 100% residential rentals. A 342 sq. ft. out-building, formerly used as a bait shop, is currently used for extra storage. The property is a short distance from the Ipswich River and moments away from the Ipswich River Boat Launch and Park.
    Insight Report Location Intelligence

    Current Use by Public Records

    ATM Machine at Little ... Atm Little River Store ... Cafe

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ipswich
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8291612
    Latitude
    42.6834117

    Nearby Similar for Sale

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      Professional office suite featuring private rooms, kitchen, reception, and bathroom.
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    FAQs

    What type of property is this?
    Grocery and convenience store - Historic Ipswich building with retail, restaurant, and residential potential.
    Where is this grocery and convenience store located?
    The property is located at 57 East St Ipswich, MA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Established Commercial Space: Operating as a bakery/restaurant/convenience store/retail package store with wine and malt beverage license.; - High-Volume Industrial Kitchen: Fully equipped professional kitchen ready for immediate use.; - Two-Bedroom Apartment: Includes a private entrance, living room/dining room, and one bathroom on the second floor.
    (978) 710-9388
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    57 East St Ipswich, MA 01938
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    Ipswich, MA 01938
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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
    57 East St Ipswich, MA 01938
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