Ground-Level Retail
17 Elm Street #Commercial, Danvers, MA 01923
For Sale
New
$800,000
An unfinished commercial interior gives occupants control over the layout, finishes, and design.
Property Size2,026 SF
Price / SF$554.02
Days on Market5
Property Features for 17 Elm Street #Commercial
General Information
Standard status
Size
Lease Term
Additional Details
Floor
Highway Access
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
The Mega Group
(978) 762-9771
Listed By:
Brian DApice · License #9538300
(978) 922-6400
Source:
Iverty
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 10:01AM
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 The Mega Group
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Investment Insights
Based on property information with market context.
This 1,444-square-foot retail condominium occupies the ground floor of a newly built property completed in 2026. Offered as an unfinished shell, the unit allows the interior plan and finishes to be tailored to the intended operation. The property is zoned DTC-Core, and the space is identified for retail, restaurant, and medical uses.
At 17 Elm Street in downtown Danvers, the property is near on-street parking and municipal parking lots. The downtown setting includes local businesses, restaurants, shops, and professional services. Routes 128 and 62 and Liberty Tree Mall are also noted as nearby destinations.
At 17 Elm Street in downtown Danvers, the property is near on-street parking and municipal parking lots. The downtown setting includes local businesses, restaurants, shops, and professional services. Routes 128 and 62 and Liberty Tree Mall are also noted as nearby destinations.
Key Highlights
- 1,444‑square‑foot ground‑level commercial condominium
- New construction completed in 2026
- Unfinished shell allows customization of interior layout and finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,725
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,500
$474.5K
Cap Rate 7%
$338,929
$338.9K
Cap Rate 9%
$263,611
$263.6K
Market Conditions
NOI Build-Up for 1,444 SF
Gross rent
$34.7K $24.00/SF
− Vacancy
−$762 −$0.53/SF
EGI
$33.9K $23.47/SF
− OpEx
−$10.2K −$7.04/SF
NOI
$23.7K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,500
Cap Rate 7%
$338,929
Cap Rate 9%
$263,611
Alternative Uses
Best Use
Retail
$338.9K
$296.6K – $395.4K
NOI $23,725 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$854.8K
$748.0K – $997.3K
NOI $59,839 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 01923, MA
27,987
Population
11,405
Households
2.5
Avg Household Size
46
Median Age
47%
College-Educated
95%
High-School Grad
13.2 sq mi
ZIP Area
2,120
Density / Sq Mi
$117,072
Median Household Income
$59,916
Median Earnings
$2,004
Median Rent
$611,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Essex County, MA
Properties on Market for Retail space in Essex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - An unfinished commercial interior gives occupants control over the layout, finishes, and design.
Where is this retail space located?
The property is located at 17 Elm Street #Commercial Danvers, MA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1,444‑square‑foot ground‑level commercial condominium; New construction completed in 2026; Unfinished shell allows customization of interior layout and finishes
