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1538 Turnpike St, North Andover MA 01845

North Andover, MA 01845
$3,500,000
Est. $20,069/month
20,294
Sq Ft
$172
Price/Sq Ft
1.00
Acres
1986
Year Built
198
Days on Market
Active Listed Sep 18, 2025 • MLS# 73432919 Copied!

About this home

Excellent opportunity to acquire a freestanding four-story office building on a prominent acre lot with prime visibility on Route 114 in North Andover. The well-maintained property offers ~60 parking spaces and a flexible layout with two units available for lease—ideal for an owner-occupant or investor. Alternatively, buyers seeking an office condominium can purchase a full floor—approximately 5,000 SF—for $950,000 (see MLS # 73432924). Features include an elevator, three stairwells, restrooms on each level, a welcoming lobby, and separate electric, heat pumps, and AC per unit. Recent upgrades: newer roof, windows, and lighting. Easy access to I-95 and I-495. Seller financing available. Potential conversion to apartments, condos, or office condos requires buyer to conduct their own due diligence.

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Property Overview

Listing Type
Commercial Sale
Year Built
1986
Living Area
20,294 sq ft

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1986
Living Area 20,294 sq ft
Lot Size 1.00 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer, Natural Gas Available

Financial

Annual Tax $26,049

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1986
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

1538 Turnpike St, North Andover MA 01845

North Andover, MA 01845

Walkability

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Nearby Schools

School District
North Andover School District local
A-
🎓 Where Graduates Go Class of 2021
77% attend college
68% 4-Year 9% 2-Year 36% Out of State 4% Working
School Safety 2024-25
0.6% Low
0.6% Suspensions 0.1% In-School
4.9% below state avg
E

Elementary Schools

6 schools
St. Michael Elementary School
4.7 mi
Grades PK-08
Meritor Academy
1.7 mi
Grades PK
B+
Annie L Sargent School
2.1 mi | #269 of 824 | Score: 51.9
Improved 6 spots from last year
-6.3 below state avg
441 students Moderate
Strong Attendance
Grades 01-05
B+
Franklin School
3.0 mi | #324 of 824 | Score: 50.0
Dropped 42 spots from last year
-8.2 below state avg
383 students Moderate
Strong Attendance
Grades 01-05
C
Atkinson School
3.8 mi | #660 of 824 | Score: 38.0
Dropped 28 spots from last year
-20.2 below state avg
274 students Diverse
Diverse Student Body
Grades 01-05
Anne Bradstreet Early Childhood Center
3.9 mi
462 students Moderate
Grades PK-K
M

Middle Schools

1 school
A-
North Andover Middle School
4.0 mi | #86 of 352 | Score: 51.2
Improved 26 spots from last year
-7 below state avg
1,023 students Diverse
Rising School Strong Attendance
Grades 06-08
H

High Schools

2 schools
A
North Andover High School
4.4 mi | #54 of 346 | Score: 66.6
Improved 33 spots from last year
+8.4 above state avg
1,328 students Diverse
21 sports • 2,578 athletes
Strong AP Program High Graduation Rate Rising School Career Tech Programs
Grades 09-12
Brooks School
4.5 mi
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $2,171
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Sep 18, 2025
$3,500,000
Original listing
Agent: Team Lillian Montalto Office: Lillian Montalto Signature Properties

Price & Status History

Date Event Price Change
Sep 18, 2025 New Listing Added $3,500,000

Market Statistics

Days on Market
198 days
Price per Sq Ft
$172

Tax History

Year Taxes Assessment
2025 $26,049

Financial Details

Annual Property Tax
$26,049
Tax Year 2025

Listing Information

Listing Agent Team Lillian Montalto
Listing Office Lillian Montalto Signature Properties
Agent MLS ID TM338007
Office MLS ID G62122
Listing Data Updated Sep 26, 2025 3:24 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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