Mixed-Use Building with Streetfront
27 Main St Chester, MA 01011
For Sale
$225,000
Street-level storefront with hardwood floors and industrial wash basins, paired with residential space above for a mixed-use setup.
Property Size1,290 SF
Price / SF$174.42
Days on Market49
Property Features for 27 Main St
General Information
- Standard status
- Active
- Size
- 1,290 SF
Building Details
- Year Built
- 1900
Listing Agency:
SR Commercial Realty
Listed By:
Jeremy Casey
Source:
413realestate
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 23 at 8:31AM
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 SR Commercial Realty
Investment Insights
Based on property information with market context.
This mixed-use building combines a street-level commercial storefront with a residential unit above. The available commercial space is approximately 1,290 SF and is set up for tenant use with hardwood flooring and track lighting. A dedicated rear work area includes industrial wash basins, which can support a variety of service-oriented retail and light production workflows.
The property is located on a corner along Main Street in Chester, providing storefront presence at street level. The building’s design supports both commercial activity and day-to-day residential use within a single structure.
For tenants looking for a storefront with an efficient back-of-house work area, the included wash basins and dedicated rear space are practical for operations that benefit from separating customer-facing areas from work areas. The layout also suits users who want a mixed-use environment under one roof, where the residential unit above can complement ongoing street-level activity. Additional details are available upon request.
The property is located on a corner along Main Street in Chester, providing storefront presence at street level. The building’s design supports both commercial activity and day-to-day residential use within a single structure.
For tenants looking for a storefront with an efficient back-of-house work area, the included wash basins and dedicated rear space are practical for operations that benefit from separating customer-facing areas from work areas. The layout also suits users who want a mixed-use environment under one roof, where the residential unit above can complement ongoing street-level activity. Additional details are available upon request.
Key Highlights
- Mixed‑use building with street‑level commercial storefront and a residential unit above
- 1,290 SF commercial space available for lease
- Commercial space features hardwood flooring and track lighting
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 | $23.2k | $18.00 |
| − Vacancy | −$2.3k | −$1.80 |
| EGI | $20.9k | $16.20 |
| − OpEx | −$7.8k | −$6.07 |
| NOI | $13.1k | $10.13 |
1,290 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$584.7K
$511.7K – $682.2K
NOI $40,932 @ 7.0% cap · market cap 18.19%
Second Best
Retail
$302.8K
$264.9K – $353.3K
NOI $21,195 @ 7.0% cap · market cap 9.42%
Theoretical Best
Office A
$795.1K
$695.7K – $927.6K
NOI $55,654 @ 7.0% cap · market cap 24.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Mixed-use property - Street-level storefront with hardwood floors and industrial wash basins, paired with residential space above for a mixed-use setup.
Where is this mixed-use property located?
The property is located at 27 Main St Chester, MA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Mixed‑use building with street‑level commercial storefront and a residential unit above; 1,290 SF commercial space available for lease; Commercial space features hardwood flooring and track lighting
