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    2 Elm Sq, Unit 328 Andover, MA 01810

    For Lease
    $1,600 /Mo ($23 SF/Yr)

    Commercial office space for lease in downtown Andover.

    Property size:
    834 SF
    Lot size:
    834 SF

    Property Features for 2 Elm Sq

    General Information

    Standard status
    Active
    Size
    834 SF

    Building Details

    Year built
    1882

    Source: Lillian Montalto Signature Properties Agent Team Lillian Montalto

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

    Overview

    Downtown Andover Office Space Available

    Commercial office space is available for lease in downtown Andover, located in a well-maintained 3-story building with lobby and elevator access. The suite features a divided layout with cubicles for four desks, suitable for a collaborative work environment. The space includes carpet flooring, two closets for storage, and arched windows that provide natural light. The property includes an assigned parking space and offers easy access to major highways. It is located steps away from shops, dining, and other amenities in downtown Andover.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elm Square Oyster ... Wine Bar Pappas Carlson & Elwell ... Lawyer Victoria Mullett Real Estate Agency Tec-Refresh, Inc Business Management Consultant Brian Murphy Dentist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1404524
    Latitude
    42.6569927

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    FAQs

    What type of property is this?
    Office space - Commercial office space for lease in downtown Andover.
    Where is this office space located?
    The property is located at 2 Elm Sq, Unit 328 Andover, MA.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prime commercial office space in the heart of Downtown Andover.; - Avoid the commute to Boston.; - Located in a well-maintained 3-story building with lobby and elevator access.
    Request Owner's contact information
    2 Elm Sq, Unit 328 Andover, MA 01810
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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
    2 Elm Sq, Unit 328 Andover, MA 01810
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