37 Margin Street, Peabody MA 01960
Peabody, MA 01960
$1,750,000
Est. $9,937/month
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About this home
Excellent owner-user or investment opportunity! Prime freestanding commercial property located in one of Peabody's busiest commercial corridors with outstanding visibility and convenient access to Route 1, I-95, and Route 128. This 4,640± SF building is situated on a 12,502± SF lot and includes a 2,200± SF full basement, offering excellent flexibility for a variety of business operations. The property features 23 on-site parking spaces, exceptional street frontage, and exposure to approximately 65,000 vehicles per day. Currently owner-occupied as a long-established dry-cleaning business, the property is offered for sale only. The existing commercial use is legally conforming. Well suited for an owner-user, investor, or adaptive commercial reuse, subject to buyer's verification of zoning and intended use. Buyer to perform all due diligence regarding zoning, permitted uses, licensing, and future redevelopment potential—rare opportunity to acquire a highly visible commercial asset in a premier North Shore location.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jul 21, 2026
$1,750,000
Original listing
Agent: Anna Jung
Office: K Stadium Realty INC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/21/2026 | 🏠 Listed for Sale | $1,750,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $10,651 | — |
Financial Details
Annual Property Tax
$10,651
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1992
Living Area
4,640 sq ft
Lot Size
0.29 acres
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
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
$10,651
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Essex
Property Overview
Listing Type
For Sale
Year Built
1992
Living Area
4,640 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1992
Structure Type:
Exterior Materials:
Roof:
Shingle
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:
Nearby Schools
School District
Peabody School District local
C
School Safety
2024-25
2.1%
Average
1.9%
Suspensions
1.7%
In-School
0.2%
Emergency
3.4% below state avg
Elementary Schools
3 schools
C
Thomas Carroll School
0.2 mi
|
#611 of 824
|
Score: 40.2
Improved 128 spots from last year
-18 below state avg
645 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B+
Bates School
0.5 mi
|
#325 of 824
|
Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
The Phoenix School
1.0 mi
Grades PK-08
Middle Schools
3 schools
C+
J. Henry Higgins Middle School
1.4 mi
|
#240 of 352
|
Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students
Diverse
Grades 06-08
C+
Collins Middle School
1.5 mi
|
#219 of 352
|
Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B-
Holten Richmond Middle School
2.4 mi
|
#183 of 352
|
Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students
Moderate
Grades 06-08
High Schools
3 schools
Bishop Fenwick High School
0.3 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
B+
Salem Academy Charter School
2.0 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B
Salem High School
2.0 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$888
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
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.
Location
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Neighborhood
37 Margin Street, Peabody MA 01960
Peabody, MA 01960
Listing Information
Listing Agent
Anna Jung
Listing Office
K Stadium Realty INC
Office Phone
617-780-1675
Agent MLS ID
CT000579
Office MLS ID
AN7436
Listing Data Updated
Aug 7, 2026 8:28 AM 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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