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Property profile & analytics
OFF-MARKET Estimated value $905,000
Retail space

13 Elm St Danvers, MA 01923-2809

4,644 SF 0.12 ac lot Built 1910
Entity Owned Free & Clear
Property ID
US38-0622135
Property summary
AI-generated overview

This exceptional Danvers, MA property presents a unique opportunity for lease or owner-occupancy. Located at 13 Elm Street, this single-tenant retail space boasts 2,746 square feet on the ground floor of a 4,644 square foot building situated on a 5,332 square foot lot. The space features approximately 26 feet of high glass frontage, ideal for showcasing your business. A full basement provides valuable dry storage. Two handicap-accessible bathrooms are included. Each tenant has independent electric, natural gas, and water meters. The property is zoned DTC-C and benefits from its proximity to three municipal parking lots within 100 feet, supplemented by abundant on-street parking in downtown Danvers. This location is perfect for restaurants, retail businesses, professional offices, or service-oriented enterprises. Standard NNN lease terms are available, or the property can be purchased by an owner-occupant, potentially qualifying for financing with as little as 10% down. Note that an adjacent property, 15 Elm Street, generates additional income with a long-term lease in place until August 2027. This presents a compelling investment opportunity in a thriving downtown area. The building consists of one story.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction FRAME
Total area 4,644 SF
Lot 0.12 ac (5,332 SF)
Zoning code C1
APN DANV M:043 L:347 P:
UPID US38-0622135
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • In Motion Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$945k
CAP Approach CAP
$1.18M
Comparable Approach Comparable
$826k
Blend (final) Blend
$905k
Owner & transaction history
Kontalipos Danvers LLC
Kontalipos Danvers LLC
since 2025
Last sale
$875,000
4 recorded transactions
2025
$950,000
2023
$875,000
2009
$1
2001
$383,000
Zoning & alternative use
C1 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.1M +7.7%
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