Commercial Sale at 98 Main St, Peabody MA 01960, Peabody
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41 photos

$1,699,000

98 Main St, Peabody MA 01960
Peabody, MA 01960
Listed by The Pizzo Group
Bedrooms
N/A
Bathrooms
N/A
Living area
7,728 sqft
Year built
1830

About this home

Rare standalone mixed-use opportunity in downtown Peabody. Currently operating as a successful café, the commercial space features a spacious dining area, service counter, bakery/café setup, and two restrooms. The lower level is fully equipped for food service operations with a walk-in refrigerator, walk-in freezer, prep kitchen, pastry room, office, bathroom, multiple storage rooms, and additional support space. Above the commercial space is a large residential unit offering 6 bedrooms, formerly configured as separate apartments, the residence was combined into one expansive unit. Well-positioned on Main Street with excellent visibility and ample off-street parking, this unique property is ideal for those seeking a mixed-use asset with both commercial and residential components.

Property details

MLS #
73545991
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
93
On market date
July 7, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.16 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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
William A Welch Sr
0.58 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
346
Student:teacher ratio
13.8:1
District
Peabody
Middle
J Henry Higgins Middle
0.9 mi away · Grades 6-8
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
1,393
Student:teacher ratio
13.8:1
District
Peabody
High
Salem High
1.41 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
803
Student:teacher ratio
8.2:1
District
Salem

Walkability

Blended score for Peabody'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 stores9
Parks17
Schools14
Transit stops20
Pharmacies3

Market position

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

On the market 93 days -- 13 more days than Peabody's current average of 80 days.
For reference, the median list price across 211 active listings in Peabody right now is $480,000.

Mortgage calculator

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Est. monthly payment
$10,382/mo
$339,800 down
$1,359,200 loan
Principal & interest$8,816
Property tax (est.)$1,416
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 17 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.