Commercial Sale at 560 S Main St, Andover MA 01810
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18 photos

$4,950,000

560 S Main St, Andover MA 01810
Andover, MA 01810
Listed by Fred Hoang
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2008

About this home

Situated on Route 28 at the intersection of Route 125, with convenient access to I-93 and I-495, 560 S Main Street st offers a 9,010 sq/ft commercial building on 1.46 acres, with 100 marked parking spaces that is ideally suited for restaurant operators, retail users, or mixed-use redevelopment. Built in 2008, the property has long served as the home of Tokyo Steakhouse, a well-established hibachi and sushi restaurant that has drawn steady customer traffic for years. Its proven success at this location underscores the strength of the site, with excellent visibility, high daily traffic counts, and close proximity to both residential neighborhoods and business districts. Whether continuing its tradition as a dining destination or repositioning the site for alternative commercial use, 560 South Main st presents a rare opportunity in Andover’s thriving commercial corridor. Leasing options are welcome in addition to a sale.

Property details

MLS
MLS Property Information Network
MLS #
73440386
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
381
On market date
October 7, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
1.46 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
J Turner Hood
1.69 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
356
Student:teacher ratio
12.3:1
District
North Reading
Middle
North Reading Middle
2.5 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
564
Student:teacher ratio
11.3:1
District
North Reading
High
North Reading High
2.56 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
639
Student:teacher ratio
9.5:1
District
North Reading

Walkability

Blended score for Andover's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

11
Very car-dependent
out of 100
EPA National Walkability Index
3.0 / 20 -- Least walkable
Google Places amenity density
5 / 100
Restaurants & cafes0
Grocery stores0
Parks1
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Andover, from live MLS data.

On the market 381 days -- 293 more days than Andover's current average of 88 days.
For reference, the median list price across 240 active listings in Andover right now is $799,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$29,959/mo
$990,000 down
$3,960,000 loan
Principal & interest$25,684
Property tax (est.)$4,125
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated September 7, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.