Renovated Retail/Office Space
For Lease
$2,050/Mo
89 Main St #2, North Andover, MA 01845
Prime downtown North Andover location, suitable for retail or office.
Property Size2,310 SF
Days on Market550
Property Features for 89 Main St #2
General Information
Standard status
Active
Size
2,310 SF
Taxes and HOA fees
Annual Taxes
$8,652
Building Details
Year Built
1900
Listing Agency:
Home Sellers Edge
Listed By:
Lynne Rudnicki
Source:
Corcoran
Added: Jan 26, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 Home Sellers Edge
Investment Insights
Based on property information with market context.
This ground floor unit offers approximately 1,165 square feet in a newly renovated space featuring storefront windows and glass doors. Situated in downtown North Andover, the location provides excellent visibility. Previously used as a shared professional office space, the unit can be reconfigured for retail, professional services, or a small restaurant. The General Business Zone and Downtown Overlay District allow for a variety of uses, including professional offices, retail, dining, and medical or dental offices. The owner is open to financing the fit-out into a long-term lease. The property is fully fire sprinklered and insulated to current codes, and it includes central air and gas heat. The lease is single net, with the tenant responsible for utilities, interior and commercial upkeep, and common area maintenance, estimated at $1.5 per square foot. The owner covers property taxes and property insurance. An option to combine two halves is available for a total of 2,310 square feet. One loading space is located at the rear of the property.
Key Highlights
- Prime ground floor unit in excellent downtown North Andover location with great visibility.
- Newly renovated with storefront windows and glass doors.
- Flexible use: can be reconfigured for retail, professional office, or restaurant.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 01845, MA
31,855
Population
12,010
Households
2.7
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
26.4 sq mi
ZIP Area
1,207
Density / Sq Mi
$134,319
Median Household Income
$64,592
Median Earnings
$2,113
Median Rent
$670,000
Median Home Value
Market
Lease Benchmarks for North Andover, MA
$26.17 /SF/Yr
Avg Asking Price
$10.65–$34 /SF/Yr
Price Range
2,254 SF
Avg Space Size
This space is priced 59% below the average of $26.17 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime downtown North Andover location, suitable for retail or office.
Where is this retail space located?
The property is located at 89 Main St #2 North Andover, MA.
What is the lease rate?
The lease rate is $2,050 /Mo.
What are key features of this property?
This property features: Prime ground floor unit in excellent downtown North Andover location with great visibility.; Newly renovated with storefront windows and glass doors.; Flexible use: can be reconfigured for retail, professional office, or restaurant.
