15 Cherry Street # 21,22,23,24 Danvers, MA ^$ 1,525,000

15 Cherry Street # 21,22,23,24

^$ 1,525,000

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15 Cherry Street # 21,22,23,24

Danvers, MA, 01923

^$ 1,525,000

Bedrooms-- Baths-- Sq 4,645

Monthly Estimate*

^$ 9,514

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Commercial Property for sale in Danvers, MA

for $1,525,000. This 4,645 square foot building was built in 1900 on a lot size of 0.1.

Downtown Danvers Investment Opportunity-Mixed-Use Property. A rare opportunity to own this well-maintained professional building ideally located in the vibrant center of downtown Danvers. This professionally managed property features four total units - two commercial spaces on the first floor & two residential apartments above-offering a strong income potential for investors or owner-occupants. Both commercial suites are ideal for office, retail, or service-based businesses, benefiting from excellent street visibility & flexible layouts suitable for a variety of uses. The upper-level residential units are spacious & well-kept, appealing to long-term tenants. Ample off-street parking adds significant appeal for both residential & commercial tenants - a rare asset in the downtown area. Situated just steps from local shops, restaurants, public transportation, & major commuting routes, this premier investment property offers exceptional convenience. Showings by appointment only.

Commercial Active

Price

^$ 1,525,000

Property Type

Commercial

Taxes

^$ 18,926

Style

Lot Size

0.1

Year Built

1900

Town/City

Danvers

County/Region

Essex

MLS | Web ID

73438789

List By

Stephen Velonis

Listing Agent

Coldwell Banker Realty - Lynnfield

Broker

Affordability Calculator

$11,091

Per Month

Monthly Principal & Interest: $9,514
Monthly Property Taxes: $1,577
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Commerical listings in Danvers, MA

Average List Price ^$977,656

Percent of Sale Price 36%

About Danvers, MA

28,039 Population

11% Since 2002

^$80,571 Median Income

46 Median Age

26% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
10/2/2025	$1,525,000		Listed Price

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15 Cherry Street # 21,22,23,24, Danvers, MA, 01923 is a Commercial Property for sale at $1,525,000 with 4,645 sqft and a lot size of 0.1. 15 Cherry Street # 21,22,23,24 was built in 1900. The property's zip code is 01923 which is in Danvers, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 12/7/2025.

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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15 Cherry Street # 21,22,23,24

Commercial Property for sale in Danvers, MA

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