(617) 955-2224

164 Sylvan St, Danvers MA 01923

Danvers, MA 01923
$899,000
Est. $5,972/month
0.11
Acres
1715
Year Built
21
Days on Market
Active Price Drop -$51,000 Listed Dec 12, 2025 • MLS# 73461909 Copied!

About this home

Stand-alone commercial medical office building located in a well-established Danvers business corridor. The property is currently leased to MyEyeDr, a nationally recognized optometry provider, which recently executed a new 5-year lease extension, with an additional 5-year option thereafter, providing long-term income stability. The building offers strong street visibility, on-site parking, and convenient access to Route 128, Route 114, and surrounding North Shore communities. The single-tenant layout provides a simple ownership structure with no association fees and predictable operating expenses, making it well suited for investors seeking a stabilized medical/office asset or future owner-users evaluating a free-standing building in a desirable commercial location. Sale is subject to existing lease. Buyer and buyer’s agent to perform all due diligence.

Property Overview

Listing Type
Commercial Sale
Year Built
1715

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1715
Lot Size 0.11 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 $14,716

Interior Features

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

Construction & Materials

Year Built: 1715
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
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Parking & Garage

Parking Features:

Location

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Neighborhood

164 Sylvan St, Danvers MA 01923

Danvers, MA 01923

Walkability

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Nearby Schools

School District
Danvers School District local
✓ School Safety 2024-25
2.3% Average
1.9% Suspensions 2.3% In-School 0.4% Emergency
↓ 3.2% below state avg
E

Elementary Schools

7 schools
St. Mary of the Annunciation School
1.4 mi
Grades PK-08
Great Rock Christian Academy
2.0 mi
Grades PK-12
B-
Highlands School
1.2 mi | #486 of 824 | Score: 45.2
Improved 156 spots from last year
-13 below state avg
385 students Moderate
Grades K-05
B+
Riverside School
1.4 mi | #304 of 824 | Score: 50.8
Improved 132 spots from last year
-7.4 below state avg
350 students Moderate
Grades PK-05
C+
Great Oak School
1.5 mi | #554 of 824 | Score: 42.8
Dropped 203 spots from last year
-15.4 below state avg
291 students Moderate
Grades K-05
B-
Willis E Thorpe School
2.1 mi | #435 of 824 | Score: 46.6
Dropped 167 spots from last year
-11.6 below state avg
294 students Less Diverse
Grades K-05
B+
Ivan G Smith School
2.7 mi | #333 of 824 | Score: 49.7
Improved 40 spots from last year
-8.5 below state avg
389 students Moderate
Strong Attendance
Grades K-05
M

Middle Schools

1 school
B-
Holten Richmond Middle School
1.6 mi | #183 of 352 | Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students Moderate
Grades 06-08
H

High Schools

5 schools
Northeast ARC
0.9 mi
Grades 06-12
St. John's Prep School
2.3 mi
Grades 06-12
B
Danvers High School
2.5 mi | #158 of 346 | Score: 54.4
Dropped 16 spots from last year
-3.9 below state avg
784 students Moderate
17 sports • 1,436 athletes
Early College Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
Northeast Behavioral Health
3.1 mi
Grades 09-12
A-
Essex North Shore Agricultural and Technical School
3.4 mi | #76 of 346 | Score: 63.1
Improved 23 spots from last year
+4.9 above state avg
1,830 students Moderate
Strong AP Program Early College Program High Graduation Rate Career Tech Programs
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,226
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

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Current Rate
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+0.5% Rate
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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

Market Insights

1
Price Changes
5.4%
Price Range

Property Timeline

↓
Price Reduced
Jan 1, 2026
$899,000 $51,000 (-5.37%)
From $950,000 to $899,000 (-5.4%)
🏠
Listed for Sale
Dec 12, 2025
$950,000
Original listing
Agent: Shawn Blades Office: Re/Max Innovative Properties

Price & Status History

Date Event Price Change
Jan 1, 2026 Price Changed $899,000 -$51,000
Dec 12, 2025 New Listing Added $950,000 —

Market Statistics

Days on Market
21 days
Price per Sq Ft
$—
Total Price Drop
-$51,000

Tax History

Year Taxes Assessment
2025 $14,716 —

Financial Details

Annual Property Tax
$14,716
Tax Year 2025

Listing Information

Listing Agent Shawn Blades
Listing Office Re/Max Innovative Properties
Agent MLS ID CN248634
Office MLS ID AN8201
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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164 Sylvan St, Danvers MA 01923 - Photo 1

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