41 S Main St, Ipswich, MA 01938
Essex County
Key Facts
Description
Prime downtown Ipswich retail investment opportunity. 41 South Main Street is ideally located in the heart of Ipswich, overlooking the Ipswich River and surrounded by established local businesses, restaurants, and consistent foot traffic. The property consists of three retail units, offering a strong opportunity for investors seeking a multi-tenant asset in a highly desirable location. With existing leases in place, the property provides immediate income and long-term upside potential through future rent growth and tenant positioning. Its prominent Main Street frontage, visibility, and proximity to Route 1A and the Ipswich MBTA commuter rail make this an attractive location for both tenants and investors alike.
Property Information
Property Type
Commercial Sale
Year Built
1935
Living Area
6,480 sq ft
Lot Size
0.17 acres
Zoning
CB
MLS® Listing#
73490939
Property Features
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$6,400
Tax year 2025
Parcel Number
M:42A B:0173 L:0,1956602
Directions
Route 1A to South Main Street
Affordability Calculator
$163,980
Estimated monthly payment
$4,364/mo
Principal $655,920 · Est. interest $915,067 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ipswich, MA
- $1,000,000
- Median Listing Price
- 52
- Median Days on Market
- 2,466
- Median Sq Ft
- $436
- Median Price / Sq Ft
- 32
- Active Listings
- This home’s price is 18% below the area median.
- Its price per sq ft is 71% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Ipswich, MA.
Location
- 41 S Main St, Ipswich, MA 01938
Points of Interest in Ipswich, MA
Showing the Ipswich area map.
Nearby Schools
Ascension Nursery School
School · 0.1 mi away
Winthrop School
Elementary · 0.3 mi away
Ipswich Public Schools
Secondary · 0.5 mi away
Spa Tech Institute - Ipswich
School · 0.9 mi away
Ipswich High School
Secondary · 1.0 mi away
Cornerstones
School · 1.5 mi away
Paul F Doyon Memorial School
Elementary · 2.3 mi away
Pine Grove Elementary School
Elementary · 3.3 mi away
Pingree School
Secondary · 3.4 mi away
Miles River Middle School
Secondary · 3.5 mi away
Hamilton-Wenham Regional High School
Secondary · 3.5 mi away
North Shore Montessori School
Elementary · 3.7 mi away
Essex Elementary School
Elementary · 4.0 mi away
Clark School
Secondary · 4.1 mi away
Cutler School
Elementary · 4.5 mi away
Solstice School
School · 4.7 mi away
Steward Elementary School
Elementary · 4.8 mi away
Winthrop Elementary School
Elementary · 4.8 mi away
North Shore Nature Programs
School · 5.3 mi away
Hamilton-Wenham Buker Elementary School
Elementary · 5.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 8 Hammatt St 8, Ipswich, MA | $599,000 | 3 | 3 | 1,683 |
| 8 Hammatt St, Ipswich, MA | $599,000 | 3 | 3 | 1,679 |
| 10 Hammatt St 10, Ipswich, MA | $625,000 | 3 | 3 | 1,679 |
| 10 Hammatt St, Ipswich, MA | $625,000 | 3 | 3 | 1,683 |
| 4 Lanes End 3, Ipswich, MA | $639,000 | 2 | 2 | 1,650 |
| 45 Pineswamp Rd, Ipswich, MA | $649,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Ipswich
Listing Courtesy: Herrick Lutts Realty Partners - 9789271959
Presented by: Herrick Lutts Realty Partners