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197 Market St, Lowell MA 01852

Lowell, MA 01852 • Downtown
$600,000
Est. $3,878/month
4,056
Sq Ft
$148
Price/Sq Ft
0.05
Acres
1880
Year Built
183
Days on Market
Active Price Drop -$295,000 Listed Aug 22, 2025 • MLS# 73421228 Copied!

About this home

Exceptional opportunity to own a great building in the heart of Downtown Lowell . This single-story brick building combines historic charm with modern upgrades, featuring a bright, open dining room with soaring 12’ ceilings, exposed brick walls, large storefront windows, and a welcoming bar. The great long term tenant in place with fully equipped kitchen with additional highlights include central AC, gas heat, polished finishes, and a full unfinished basement for storage. Surrounded by shops, offices, and event venues, this location benefits from heavy foot traffic, excellent visibility, and nearby parking. Ideal for launching a new concept or expanding your portfolio, this turnkey property offers unbeatable character, functionality, and investment potential in one of Lowell’s most vibrant districts. A rare find combining character and prime downtown visibility!

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Property Overview

Listing Type
Commercial Sale
Year Built
1880
Living Area
4,056 sq ft

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1880
Living Area 4,056 sq ft
Lot Size 0.05 acres

Interior

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

Exterior

Construction None
Architecture None
Roof Rubber
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, Private Sewer

Financial

Annual Tax $7,731

Interior Features

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

Construction & Materials

Year Built: 1880
Structure Type:
Exterior Materials:
Roof: Rubber
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

Downtown

197 Market St, Lowell MA 01852

Lowell, MA 01852

Walkability

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Nearby Schools

School District
Lowell School District local
C-
School Safety 2024-25
3.0% Above Average
2.8% Suspensions 0.8% In-School 0.2% Emergency
2.5% below state avg
E

Elementary Schools

10 schools
Hellenic American Academy
0.2 mi
Grades PK-08
B
Lowell Community Charter Public School
0.3 mi | #158 of 352 | Score: 43.9
Improved 29 spots from last year
-14.3 below state avg
816 students Diverse
Rising School Diverse Student Body
Grades PK-08
St. Patrick School and Educational Center
0.4 mi
Grades PK-08
B
Rogers STEM Academy
0.5 mi | #8 of 16 | Score: 33.9
Improved 265 spots from last year
-24.3 below state avg
892 students Diverse
Rising School Diverse Student Body
Grades K-08
Immaculate Conception School
0.6 mi
Grades PK-08
St. Michael Elementary School
0.7 mi
Grades PK-08
St. Louis Elementary School
0.8 mi
Grades PK-08
Lowell Youth Treatment Center
0.8 mi
Grades 01-12
C
Bartlett Community Partnership School
0.9 mi | #266 of 352 | Score: 34.8
Improved 20 spots from last year
-23.4 below state avg
408 students Very Diverse
Rising School Diverse Student Body
Grades PK-08
St. Jeanne D'Arc Elementary School
1.3 mi
Grades PK-08
M

Middle Schools

7 schools
B-
Kathryn P. Stoklosa Middle School
0.7 mi | #198 of 352 | Score: 40.6
Improved 18 spots from last year
-17.6 below state avg
613 students Diverse
Diverse Student Body
Grades 05-08
C-
Henry J Robinson Middle School
1.1 mi | #288 of 352 | Score: 32.5
Improved 31 spots from last year
-25.7 below state avg
600 students Diverse
Rising School Diverse Student Body
Grades 05-08
Laura Lee Therapeutic Day School
1.4 mi
15 students Diverse
Diverse Student Body
Grades 01-08
C-
Benjamin F. Butler Middle School
1.4 mi | #303 of 352 | Score: 31.0
Dropped 47 spots from last year
-27.2 below state avg
516 students Very Diverse
Diverse Student Body
Grades 05-08
C
James Sullivan Middle School
1.6 mi | #267 of 352 | Score: 34.8
Improved 38 spots from last year
-23.5 below state avg
625 students Diverse
Rising School Diverse Student Body
Grades 05-08
B+
James S Daley Middle School
1.9 mi | #120 of 352 | Score: 47.3
Improved 55 spots from last year
-10.9 below state avg
669 students Diverse
Rising School Diverse Student Body
Grades 05-08
C
Dr. An Wang School
1.9 mi | #255 of 352 | Score: 35.9
Improved 38 spots from last year
-22.3 below state avg
663 students Very Diverse
Rising School Diverse Student Body
Grades 05-08
H

High Schools

4 schools
F
Lowell Middlesex Academy Charter School
0.1 mi | #339 of 346 | Score: 21.1
Improved 7 spots from last year
-37.1 below state avg
126 students Diverse
College Ready Curriculum Diverse Student Body
Grades 09-12
Old Colony Y Lowell Revocation Program
0.3 mi
Grades 09-12
F
The Career Academy
0.9 mi | #25 of 25 | Score: 14.1
Improved 363 spots from last year
-44.1 below state avg
83 students Diverse
Rising School Diverse Student Body
Grades 09-12
D
Leblanc Therapeutic Day School
1.5 mi | #376 of 346 | Score: 32.8
Same rank as last year
36 students Diverse
Diverse Student Body
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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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 $644
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
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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

Market Insights

1
Price Changes
33%
Price Range

Property Timeline

Price Reduced
Feb 4, 2026
$600,000 $295,000 (-32.96%)
From $895,000 to $600,000 (-33.0%)
🏠
Listed for Sale
Aug 22, 2025
$895,000
Original listing

Price & Status History

Date Event Price Change
Feb 4, 2026 Price Changed $600,000 -$295,000
Aug 22, 2025 New Listing Added $895,000

Market Statistics

Days on Market
183 days
Price per Sq Ft
$148
Total Price Drop
-$295,000

Tax History

Year Taxes Assessment
2025 $7,731

Financial Details

Annual Property Tax
$7,731
Tax Year 2025

Listing Information

Listing Agent Christian Doherty
Listing Office Doherty Properties
Agent MLS ID CT003020
Office MLS ID AC0904
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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Market Analytics for Lowell, MA

Real-time market trends and pricing data for this area

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Steven Novak

Steven Novak

BMN Boston Real Estate

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