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$3,900,000

55 Elm St, Somerville MA 02144
Somerville, MA 02144
Listed by David Lilley
Bedrooms
4
Bathrooms
3
Living area
2,426 sqft
Year built
1900

About this home

Rare mixed-use opportunity at one of Somerville’s most recognizable corners, across from the Porter Square Shopping Center and T Stop. Formerly home to the beloved and iconic Big Fish Little Fish store, this highly visible location has been a destination for generations of local residents. The property consists of a 6,290 SF mixed-use building featuring two commercial storefronts, a three-unit multifamily residence (two 1-bedroom units and one 2-bedroom unit), a driveway and yard. The commercial spaces include back rooms and basement storage, with the potential to combine both storefronts into a single larger space. The property offers exceptional redevelopment and investment potential. Ideal for condominiums, multifamily housing, and mixed-use development. Being delivered vacant, this transit-oriented site (also sees lots of foot traffic) provides unmatched accessibility to Cambridge, Boston, and surrounding communities.

Property details

MLS #
73536182
Property type
3 Family
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
3
Garage spaces
N/A
Lot size
0.09 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
John F Kennedy
0.08 mi away · Grades -1-8
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
436
Student:teacher ratio
13.2:1
District
Somerville
Middle
Rindge Avenue Upper School
0.71 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
262
Student:teacher ratio
8.2:1
District
Cambridge
High
Somerville High
0.94 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
1,304
Student:teacher ratio
11.0:1
District
Somerville

Mortgage calculator

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Est. monthly payment
$23,636/mo
$780,000 down
$3,120,000 loan
Principal & interest$20,236
Property tax (est.)$3,250
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 19, 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.