Commercial Sale at 45 Albion, Wakefield MA 01880
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$999,000

45 Albion, Wakefield MA 01880
Wakefield, MA 01880
Listed by Michelle Draper Realty Team
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

45 Albion Street is a beautifully renovated and highly versatile commercial property in one of Wakefield’s most convenient locations. Whether you are looking for a new home for your business, professional office, medical practice, investment property, or a combination of uses, this property offers an impressive amount of flexibility. The property was extensively renovated in 2024, including a new second-floor addition, Hardie board siding, windows, roof, Trex decking, plumbing, electrical, mini-split heating and cooling, flooring, and exterior security lighting. The result is a move-in-ready property with many of the major improvements already taken care of. The first floor features a welcoming two-story entry, multiple private offices, and two bathrooms. The second floor adds additional private offices, two bathrooms, and a large corner office with its own private bathroom and access to an approximately 22-foot open-air porch. The finished lower level provides additional office space, a large conference room with kitchenette, and storage/utility space. Parking is a major advantage, with 11 dedicated off-street parking spaces. In addition, there is ample street parking available throughout the surrounding area, making the property especially convenient for employees, clients, and visitors. The location is hard to beat. Just one block from Main Street, you are within easy walking distance of restaurants, shops, and everyday amenities, while the Wakefield MBTA Commuter Rail Station is approximately a quarter mile away. With its extensive recent renovations, flexible layout, dedicated parking, and outstanding location, 45 Albion Street can work for a wide range of buyers and businesses. A property you can move into, make your own, and put to work immediately.

Property details

MLS
MLS Property Information Network
MLS #
73577619
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
36
On market date
September 15, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.13 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
Walton
0.74 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
216
Student:teacher ratio
15.4:1
District
Wakefield
Middle
Galvin Middle School
0.25 mi away · Grades 5-8
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
1,061
Student:teacher ratio
11.9:1
District
Wakefield
High
Wakefield Memorial High
1.21 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
846
Student:teacher ratio
11.0:1
District
Wakefield

Walkability

Blended score for Wakefield'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).

93
Highly walkable
out of 100
EPA National Walkability Index
17.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks11
Schools14
Transit stops20
Pharmacies4

Market position

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

On the market 36 days -- 39 fewer days than Wakefield's current average of 75 days.
For reference, the median list price across 173 active listings in Wakefield right now is $639,999.

Mortgage calculator

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Est. monthly payment
$6,166/mo
$199,800 down
$799,200 loan
Principal & interest$5,184
Property tax (est.)$833
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 2 days ago.

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.