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Mixed-Use Building with 2-Bedroom Apartment
For Sale
$695,000

97 Main Street, Saranac Lake, NY 12983

COMMERCIAL - Saranac Lake, NY

Property Size8,449 SF
Lot Size0.11 Acres
Price / SF$82.26
Days on Market97

Property Features for 97 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Mixed
Parking features On Street
Interior features Apartment
Exterior features Private Entrance
Basement Storage Space, Partially Finished, Concrete, Walk-Out Access
Appliances Built-In Gas Range, Double Oven, Range Hood, Refrigerator, Washer/Dryer
Elementary school district Saranac Lake
Middle school district Saranac Lake
High school district Saranac Lake
Directions From Church Street, turn on to Main St. Property is directly across from the Hotel Saranac.
Subdivision Saranac Lake, Raybrook
Standard status Active
APN 447.77-4-7
Size 8,449 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Annual Amount 9011

Utilities

Utilities Propane
Heating system Oil
Cooling system Central Air
Water source Public

Amenities

laundry area

Building Details

Year built 1930
Number of units 3
Flooring type Hardwood, Carpet
Building materials Brick, Frame, Wood Siding
Roof type Membrane, Rubber
Listing Agency: Coldwell Banker Whitbeck Assoc Tupper Lake
Listed By: Matthew Ellis
Added: May 4 Changed: Aug 4 Last Checked: Aug 8 at 9:06PM
MLS# 207122

Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use building includes two expansive commercial spaces with residential quarters above. The street-level storefront is occupied by The Village Mercantile under a long-term lease. A lower-level commercial space is available with direct access from Berkeley Square, supporting an owner-user setup or additional rental use. Above, a spacious, fully remodeled two-bedroom apartment offers room for daily living, including a dedicated laundry area. Interior finishes include carpet and hardwood flooring, and the unit is equipped with a washer/dryer, refrigerator, built-in gas range, double oven, and range hood. Heating is oil-based with central air, and the building has a private entrance.

The property sits in the heart of Saranac Lake’s central business district. It is directly across from the Hotel Saranac and is positioned between Vest Pocket Park and Berkeley Square, with year-round activity and events. A large public parking lot at the rear supports convenient access for tenants and customers.

Exterior improvements include a new roof installed in 2021. The building is also near multiple access points to the Adirondack Rail Trail, with Pendragon Theatre described as a short walk away.

Key Highlights

  • Mixed‑use building with street‑level storefront and a lower‑level commercial space
  • Street‑level storefront occupied by The Village Mercantile under a long‑term lease
  • Remodeled 2‑bedroom apartment above with a dedicated laundry area

Property Analytics

Current Use

Bear Essentials Apparel Production Facility The Community Store Clothing Store The Village Mercantile Department Store

Suggested Use

Top Pick Building Supply Nail Salon (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

658
Businesses Nearby
21k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 69% Hotels & Casinos 25% Electronics 6%
Mobil Shops & Services
8,803 visits/mo 0.5 miles
Hotel Saranac, Curio Collection By Hilton Hotels & Casinos
5,365 visits/mo 0.1 miles
NBT Bank Shops & Services
3,384 visits/mo 0.5 miles
Monro Auto Service and Tire Centers Shops & Services
1,681 visits/mo 0.3 miles
Verizon Electronics
1,185 visits/mo 0.2 miles

Demographics for 12983, NY

7,073
Population
4,664
Households
1.5
Avg Household Size
46
Median Age
43%
College-Educated
93%
High-School Grad
115.8 sq mi
ZIP Area
61
Density / Sq Mi
$64,604
Median Household Income
$39,717
Median Earnings
$845
Median Rent
$207,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use brick building with street-level retail, a lower-level commercial space, and a remodeled 2-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 97 Main Street Saranac Lake, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Mixed‑use building with street‑level storefront and a lower‑level commercial space; Street‑level storefront occupied by The Village Mercantile under a long‑term lease; Remodeled 2‑bedroom apartment above with a dedicated laundry area
More about this property
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