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$950,000
N/A Beds N/A Baths
HOA
N/A
LOT size: 0.17 Acres
SQFT
8623
47 S Main St
Ipswich, MA 01938
View Map

Property Description

Downtown Ipswich mixed-use opportunity. 47 South Main Street is ideally located in the heart of Ipswich overlooking the Ipswich River and surrounded by shops, restaurants, and strong foot traffic. The property, built in 1950, features a large ground-level retail space with four offices above, offering flexibility for both investors and owner-users. Currently leased, the property provides immediate income with future upside potential. Ideal for an owner-occupant seeking a prominent retail location with additional rental income, or an investor looking for a well-located asset in a high-demand market. Convenient access to Route 1A and the Ipswich MBTA commuter rail.

Property Details

Property Information

  • Type: Commercial
  • Location: Legal Conforming
  • MLS ID#: 73490923

Financial

  • Gross Annual Expenses: 25715
  • Gross Annual Income: 63935
  • Net Operating Income: 38220
  • Lease Type: Gross

Building Information

  • Total SQFT: 8623

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Mortgage Calculator

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Map

Seller's Representative: Herrick Lutts Realty Partners, Herrick Lutts Realty Partners
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-03-28 03:05:00