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    15 24 Danvers, MA 01923

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    For Sale
    $1,525,000

    Well-maintained mixed-use property with commercial and residential units.

    Lot size:
    0.10 Acres

    Property Features for 15 24

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1900

    Source: Coldwell Banker Realty - Lynnfield Agent Stephen Velonis

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

    Overview

    Mixed-Use Property in Downtown Danvers

    This mixed-use property is located in downtown Danvers. The professionally managed building features a total of four units. There are two commercial spaces on the first floor and two residential apartments above. The commercial suites are suitable for office, retail, or service-based businesses, and benefit from street visibility and flexible layouts. The upper-level residential units are spacious and well-kept. Off-street parking is available for both residential and commercial tenants. The property is situated near local shops, restaurants, public transportation, and major commuting routes.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Danvers
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9505
    Latitude
    42.5739

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    FAQs

    What type of property is this?
    Mixed-use property - Well-maintained mixed-use property with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 15 24 Danvers, MA.
    What is the asking price?
    The asking price for this property is $1,525,000.
    What are key features of this property?
    This property features: - Prime downtown Danvers location offers exceptional convenience.; - Mixed-use property provides strong income potential with two commercial units and two residential apartments.; - Ample off-street parking is a rare and valuable asset.
    (978) 697-7855
    Request Owner's contact information
    15 24 Danvers, MA 01923
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    Danvers, MA 01923
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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
    15 24 Danvers, MA 01923
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