981 Main St Leicester, MA ^$ 499,900

981 Main St

^$ 499,900

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981 Main St

Leicester, MA, 01524

^$ 499,900

Bedrooms-- Baths--

Monthly Estimate*

^$ 3,078

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Commercial Property for sale in Leicester, MA

for $499,900. This building was built in 1840 on a lot size of 0.36.

Discover the possibilities at 981 Main St in Leicester. Built in 1840, this distinctive multi-family property blends timeless character with exceptional space and investment potential. Offering the development plan for converting this building to a cash flowing investment. The current developer has been working with the town regarding a conversion to 8 units with off street parking, presenting a rare value-add opportunity for investors and developers alike. Adding to its appeal, the property may qualify for Historic Tax Credits, creating additional upside for redevelopment and restoration. Rich with historic charm and future potential, this is a unique opportunity to reimagine a landmark property in the heart of Leicester. This town abuts Worcester and is primed for development. Property has 17 parking spots approved, asbestos remediation complete. This set up is near ready for the permitting process. Schedule your showing today.

Commercial Active

Price

^$ 499,900

Property Type

Commercial

Taxes

^$ 5,785

Style

5+ Residential

Lot Size

0.36

Year Built

1840

Town/City

Leicester

County/Region

Worcester

MLS | Web ID

73522856

List By

Patriot Living Group

Listing Agent

Lock And Key Realty Inc.

Broker

Affordability Calculator

$3,560

Per Month

Monthly Principal & Interest: $3,078
Monthly Property Taxes: $482
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 Leicester, MA

Average List Price ^$1,023,000

Percent of Sale Price 105%

About Leicester, MA

11,044 Population

6% Since 2002

^$72,113 Median Income

42.12 Median Age

25% 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
5/22/2026	$499,900		Listed Price

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981 Main St, Leicester, MA, 01524 is a Commercial Property for sale at $499,900 with a lot size of 0.36. 981 Main St was built in 1840. The property's zip code is 01524 which is in Leicester, 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 5/23/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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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981 Main St

Commercial Property for sale in Leicester, MA

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