15 Cherry Street # 21,22,23,24 Danvers, MA ^$ 1,390,000

15 Cherry Street # 21,22,23,24

^$ 1,390,000

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15 Cherry Street # 21,22,23,24

Danvers, MA, 01923

^$ 1,390,000

Bedrooms-- Baths-- Sq 4,645

Monthly Estimate*

^$ 8,558

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Commercial Property for sale in Danvers, MA

for $1,390,000. This 4,645 square foot building was built in 1900 on a lot size of 0.1.

Downtown Danvers Mixed-Use Investment - Rare opportunity to own a well-maintained, professionally managed mixed-use property in the heart of downtown Danvers. This income-producing building features four units, including two street-level commercial spaces and two residential apartments above, offering strong cash-flow potential and long-term investment value. The commercial units benefit from outstanding visibility and flexible floor plans ideal for office, retail, or service use. The residential apartments are spacious, well-maintained, and attractive to long-term tenants. Ample off-street parking enhances the property’s appeal, providing a rare convenience in the downtown setting. Located just moments from restaurants, shops, public transportation, and major commuter routes, this is a standout opportunity in a highly desirable location. New price adjustment and Motivated Seller create an exceptional value for investors and owner-occupants alike. Showings are by appointment only.

Commercial Active

Price

^$ 1,390,000

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

$10,136

Per Month

Monthly Principal & Interest: $8,558
Monthly Property Taxes: $1,577
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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 ^$1,091,553

Percent of Sale Price 21%

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.

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Pricing History

Date	Price	Price Change	Description
3/17/2026	$1,390,000	-8.85%	Price Down
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 $1,390,000 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 6.25% 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 5/3/2026.

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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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