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5 Federal Street, Danvers MA 01923

Danvers, MA 01923
$22
Est. $7,433/month
1.63
Acres
1985
Year Built
41
Days on Market
Active Listed May 12, 2026 • MLS# 73516955 Copied!

About this home

Prime leasing opportunity featuring two large suites, one 2870sf, one 4405sf, plus an additional five individual offices within a well-positioned commercial medical building set on a generous 1.6-acre lot. This property offers excellent visibility and accessibility, ideal for medical, dental, or professional office use. The flexible layout includes multiple exam rooms, private offices, and welcoming waiting areas designed for efficiency and patient comfort. The expansive lot provides ample on-site parking, with potential for future expansion or additional development. Conveniently located near major routes and local amenities, with easy access to Route 114 and Route 128, this is a rare opportunity in a desirable and growing area.

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Public Records

Current Owner

Owner LEE WILLIAM E. TRUSTEE
Mailing Address PO BOX 215, DANVERS, MA, 01923

Land Use

Use Code 342
Description N/A
Zoning C3
Style OFFICE-PRO

Tax Information

Assessed Value $4,447,500

Assessment History

Year Land Building Total Change
FY2025 $1,597,600 $2,806,600 $4,447,500

Building Permit History

Permit history not yet available for this municipality.

Municipal Context: DANVERS

Property Data Comparison

Field Assessor MLS Match
Year built 1,985 1,985
Match: geocode_proximity (84.4% confidence) · Data as of Jun 1, 2026

Property Overview

Listing Type
Commercial Lease
Year Built
1985

Facts & Features

Home Facts

Type Commercial Lease
Year Built 1985
Lot Size 1.63 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 $86,789

Interior Features

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

Construction & Materials

Year Built: 1985
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

5 Federal Street, Danvers MA 01923

Danvers, MA 01923

Walkability

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Nearby Schools

School District
Danvers School District local
A-
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
1.3 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
Rising School
Grades K-05
B+
Riverside School
1.3 mi | #304 of 824 | Score: 50.8
Improved 132 spots from last year
-7.4 below state avg
350 students Moderate
Rising School
Grades PK-05
C+
Great Oak School
1.4 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
2.6 mi | #333 of 824 | Score: 49.7
Improved 40 spots from last year
-8.5 below state avg
389 students Moderate
Rising School Strong Attendance
Grades K-05
M

Middle Schools

1 school
B-
Holten Richmond Middle School
1.5 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
0.8 mi
Grades 06-12
St. John's Prep School
2.2 mi
Grades 06-12
B
Danvers High School
2.4 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
3.0 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 Rising School
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
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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 $7,232
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
May 12, 2026
$22
Original listing
Agent: Brian Kindlan Office: Lamacchia Realty, Inc.

Price & Status History

Date Event Price Change
May 12, 2026 New Listing Added $22

Market Statistics

Days on Market
41 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2025 $86,789

Financial Details

Annual Property Tax
$86,789
Tax Year 2025

Listing Information

Listing Agent Brian Kindlan
Listing Office Lamacchia Realty, Inc.
Agent MLS ID CN216563
Office MLS ID AN5825
Listing Data Updated May 16, 2026 3:05 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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