Downtown Mixed-Use Retail and
For Sale
$950,000
47 S Main St Ipswich, Ipswich, MA 01938
Ground-floor retail with four office units above, offering a combined owner-user or investment configuration in downtown Ipswich.
Property Size8,623 SF
Price / SF$110.17
Days on Market93
Property Features for 47 S Main St Ipswich
General Information
Standard status
Active
Size
8,623 SF
Zoning
CB
Lease Type
Gross
Net Operating Income
$38,220
Additional Details
Highway Access
Yes
Office Units
4
Taxes and HOA fees
Annual Taxes
$9,895
Building Details
Building Size
8,623 SF
Year Built
1950
Stories
5
Listed By:
Stephen Rose
(508) 501-1443
Source:
Milestonerealtyinc
Added: Jun 4
Changed: Aug 31
Last Checked: Sep 2 at 1:23PM
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 Stephen Rose
Investment Insights
Based on property information with market context.
47 South Main Street is a downtown mixed-use property built in 1950, featuring a large ground-level retail space with four office units above. The building is configured to support both retail and professional uses within the same asset, with the vertical separation providing flexibility for an owner-occupant or a buyer seeking multiple income streams. The property is currently leased.
The location is in the heart of Ipswich, with the building overlooking the Ipswich River. It is surrounded by shops and restaurants and benefits from strong foot traffic. Access is described as convenient to Route 1A and the Ipswich MBTA commuter rail.
For tenant prospects, the ground-floor retail layout supports retail operations that want to be positioned in a high-visibility, foot-traffic environment, while the office configuration above can serve professional users. For investors, the mixed-use design pairs retail on the first level with four offices, and the current leased status offers immediate operational continuity. For owner-users, the combination of retail space and upstairs offices can support a primary business with potential additional rental income.
The location is in the heart of Ipswich, with the building overlooking the Ipswich River. It is surrounded by shops and restaurants and benefits from strong foot traffic. Access is described as convenient to Route 1A and the Ipswich MBTA commuter rail.
For tenant prospects, the ground-floor retail layout supports retail operations that want to be positioned in a high-visibility, foot-traffic environment, while the office configuration above can serve professional users. For investors, the mixed-use design pairs retail on the first level with four offices, and the current leased status offers immediate operational continuity. For owner-users, the combination of retail space and upstairs offices can support a primary business with potential additional rental income.
Key Highlights
- Mixed‑use building in downtown Ipswich built in 1950
- Ground‑floor retail space with four offices above
- Currently leased, providing immediate income
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Explore this area
Business Placement
Demographics for 01938, MA
13,785
Population
6,270
Households
2.2
Avg Household Size
51
Median Age
57%
College-Educated
98%
High-School Grad
32.1 sq mi
ZIP Area
429
Density / Sq Mi
$124,405
Median Household Income
$62,161
Median Earnings
$1,525
Median Rent
$701,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor retail with four office units above, offering a combined owner-user or investment configuration in downtown Ipswich.
Where is this retail space located?
The property is located at 47 S Main St Ipswich Ipswich, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Mixed‑use building in downtown Ipswich built in 1950; Ground‑floor retail space with four offices above; Currently leased, providing immediate income
