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Mixed-Use Building in Downtown Millbury
For Sale
$775,000
Pending

122 Elm St, Millbury, MA 01527

Prime real estate with commercial space and residential units.

Property SizeContact for details
Days on Market109

Property Features for 122 Elm St

General Information

Standard status Pending
Property subtype Commercial
Zoning B1

Taxes and HOA fees

Annual Taxes $6,845

Building Details

Year Built 1830
Listing Agency: REMAX Executive Realty
Listed By: Lisa Y. Shaw
Source: Alliancepartnersre
Added: Apr 23 Changed: Aug 8 Last Checked: Jul 16 at 2:03AM

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 REMAX Executive Realty

Investment Insights

Based on property information with market context.

This mixed-use building is located in downtown Millbury. The Greek Revival style property features architectural details including two-story columns, a wrought iron fence, and granite elements. The interior showcases woodwork. Formerly a four-family residence, the building is now configured as three units. The first floor provides commercial space, currently occupied by a salon. The second floor contains one two-bedroom apartment and one one-bedroom apartment. Both apartments feature hardwood floors, large windows, and updated kitchens and bathrooms. The property includes a large parking lot in the back, with additional municipal parking lots on both sides. It is equipped with four natural gas boilers for heating, separate electric meters, town water, and sewer services. A brick walkway and fenced front yard enhance the property's exterior.

Key Highlights

  • Prime downtown Millbury location.
  • Mixed‑use building with commercial space and two apartments.
  • Large parking lot plus municipal parking.

Property Analytics

Current Use

Edge Hair Studio Hair Salon

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Dental Office Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

504
Businesses Nearby

Demographics for 01527, MA

13,799
Population
5,603
Households
2.5
Avg Household Size
44
Median Age
33%
College-Educated
94%
High-School Grad
15.6 sq mi
ZIP Area
885
Density / Sq Mi
$116,000
Median Household Income
$62,911
Median Earnings
$1,507
Median Rent
$415,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Prime real estate with commercial space and residential units.
Where is this mixed-use property located?
The property is located at 122 Elm St Millbury, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Prime downtown Millbury location.; Mixed‑use building with commercial space and two apartments.; Large parking lot plus municipal parking.
More about this property
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