Active
48 Days on market
98 Main St Peabody — Photo 1 of 41

98 Main St Peabody — Photo 1 of 41

Recent Drop: $101,000

$1,900,000
$1,799,000

$1,799,000

98 Main St, Peabody, MA 01960

Peabody, MA 01960

Beds

6

Baths

3

SqFt

3,150

Style

Multi Family

Built

1830

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 established commercial and residential components.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$571/sqft
Local Avg (Peabody)$360/sqft
59% AboveMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Peabody, MA.

Property Details

Financials

Original Price$1,900,000
Annual Taxes$19,882.98

Parking

Garage0
Off-Street13

Interior Specifications

Total Rooms18
Fireplaces2
FlooringWood, Tile
BasementFull, Finished, Interior Entry

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Stone
ZoningBC

Property & Lot

Acres0.17
SqFt Lot7,400
Lot FeaturesCleared, Level

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat

Geography

Property History

Price Drop
$1,799,000

Was $1,900,000

Jul 30, 2026

MLS® 73554040

Listed
$1,900,000

Jul 23, 2026

MLS® 73554040

Listed
$1,799,000

Jul 7, 2026

MLS® 73545991

Population

54,474

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$97K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

34.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Pizzo Johanson Team

Listing Office: Aluxety

MLS® Number: 73554040

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