INNOVATE
Real Estate
No photos available for this listing

$1,750,000

37 Margin Street, Peabody MA 01960
Peabody, MA 01960
Listed by Anna Jung
Bedrooms
N/A
Bathrooms
N/A
Living area
4,640 sqft
Year built
1992

About this home

PRIME PEABODY COMMERCIAL OPPORTUNITY! Exceptional visibility and exposure along a major Peabody business corridor, conveniently located near Route 1, I-95, and Route 128. This freestanding 4,640 SF commercial building sits on a generous 12,502 SF lot with 23 on-site parking spaces and excellent street presence. The property has been successfully operated as a long-established dry-cleaning business and offers an excellent opportunity for an owner-user, investor, or business operator. Potential uses include restaurant/café, professional or medical office, fitness/wellness center, daycare/childcare, retail, personal service, and other commercial uses. With approximately 65,000 vehicles passing daily, this property offers outstanding visibility, accessibility, parking, and flexibility. A rare opportunity to own a substantial commercial property in a highly desirable North Shore location.

Property details

MLS #
73552840
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
30
On market date
July 21, 2026
Stories
N/A
Garage spaces
N/A
Lot size
0.29 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Thomas Carroll
0.21 mi away · Grades 0-5
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
553
Student:teacher ratio
15.8:1
District
Peabody
Middle
J Henry Higgins Middle
1.45 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 Prep High School
1.44 mi away · Grades 8-12
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
17
Student:teacher ratio
4.3:1
District
Salem

Mortgage calculator

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Est. monthly payment
$10,689/mo
$350,000 down
$1,400,000 loan
Principal & interest$9,080
Property tax (est.)$1,458
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 9 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.