Mixed-Use Property in
525 Chelmsford Street Lowell, MA 01851
525 Chelmsford Street, Lowell, MA, 01851
$695,000
For Sale
$695,000
Mixed-use property with commercial space and residential unit.
Property Size3,774 SF
Price / SF$184.15
Days on Market233
Property Features for 525 Chelmsford Street
General Information
- Standard status
- Active
- Size
- 3,774 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency
RE/MAX Innovative Properties
Listed by
Raymond Boutin
Source
Stevebremis
Added: Nov 25, 2025 Checked: Jul 16 at 2:17 am
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 RE/MAX Innovative Properties
Investment Insights
Based on property information with market context.
This mixed-use property in Lowell features prime commercial space with an unfinished second floor, offering expansion potential, and a spacious residential unit. The building includes two retail storefronts on the ground level, suitable for small businesses, office space, or rental income. Off-street parking is available. Located on Chelmsford Street, the units benefit from street visibility and steady traffic. Parking is available for up to 10+ vehicles, plus a carport on the Plain Street side. The residential unit features 4-5 bedrooms and a flexible floor plan.
Key Highlights
- Mixed‑use property with commercial storefronts and a spacious residential unit.
- Prime commercial space with expansion potential on the unfinished 2nd floor.
- Two retail storefronts with strong street visibility and steady traffic.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.7k | $28.80 |
| − Vacancy | −$8.7k | −$2.30 |
| EGI | $100.0k | $26.50 |
| − OpEx | −$37.5k | −$9.94 |
| NOI | $62.5k | $16.56 |
3,774 SF · lease $28.80/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$892.8K
$781.2K – $1.04M
NOI $62,497 @ 7.0% cap · market cap 8.99%
Second Best
Retail
$889.2K
$778.1K – $1.04M
NOI $62,246 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,982 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
J Arthur Poitras ...
Pharmacy
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property with commercial space and residential unit.
Where is this mixed-use property located?
The property is located at 525 Chelmsford Street Lowell, MA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Mixed‑use property with commercial storefronts and a spacious residential unit.; Prime commercial space with expansion potential on the unfinished 2nd floor.; Two retail storefronts with strong street visibility and steady traffic.
