98 Main St, Peabody MA 01960
Peabody, MA 01960
$1,900,000
$1,799,000
Est. $10,954/month
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About this home
Rare standalone mixed-use opportunity in downtown Peabody. Currently operating as a successful café, the commercial space features a spacious dining area, service counter, bakery/café setup, and two restrooms. The lower level is fully equipped for food service operations with a walk-in refrigerator, walk-in freezer, prep kitchen, pastry room, office, bathroom, multiple storage rooms, and additional support space. Above the commercial space is a large residential unit offering 6 bedrooms, formerly configured as separate apartments, the residence was combined into one expansive unit. Well-positioned on Main Street with excellent visibility and ample off-street parking, this unique property is ideal for those seeking a mixed-use asset with both established commercial and residential components.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
5.3%
Price Range
Property Timeline
Price Reduced
Aug 25, 2026
$1,799,000
$101,000
(-5.32%)
From $1,900,000 to $1,799,000 (-5.3%)
Listed for Sale
Jul 7, 2026
$1,900,000
Original listing
Agent: The Pizzo Group
Office: Aluxety
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/25/2026 | ↓ Price Reduced | $1,799,000 | $101,000 | - | From $1,900,000 to $1,799,000 (-5.3%) |
| 07/07/2026 | 🏠 Listed for Sale | $1,900,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $19,883 | — |
Financial Details
Annual Property Tax
$19,883
Tax Year 2026
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1830
Living Area
7,728 sq ft
Lot Size
0.16 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, Private Water, Public Sewer, Natural Gas Available, Three Phase
Financial
Annual Tax
$19,883
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
1830
Living Area
7,728 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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:
1830
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 Frontage:
44.00 ft
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
10 schools
Covenant Christian Academy
4.2 mi
Grades PK-12
The Recreational Education Center, LLC
4.2 mi
Grades PK-12
F
Peabody Personalized Remote Education Program (Peabody P.R.E.P.)
5.5 mi
|
#345 of 346
|
Score: 14.4
Improved 33 spots from last year
-43.8 below state avg
117 students
Diverse
Rising School
Diverse Student Body
Grades K-12
C
William A Welch Sr School
0.6 mi
|
#661 of 825
|
Score: 37.8
Improved 129 spots from last year
-20.4 below state avg
400 students
Diverse
Rising School
Grades K-05
C
Thomas Carroll School
0.6 mi
|
#605 of 825
|
Score: 40.6
Improved 134 spots from last year
-17.6 below state avg
562 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
C-
Center School
1.1 mi
|
#687 of 825
|
Score: 36.5
Dropped 307 spots from last year
-21.7 below state avg
281 students
Diverse
Diverse Student Body
Grades PK-05
B+
South Memorial School
1.4 mi
|
#271 of 825
|
Score: 51.7
Improved 234 spots from last year
-6.5 below state avg
446 students
Moderate
Rising School
Grades PK-05
B-
Captain Samuel Brown School
1.8 mi
|
#493 of 825
|
Score: 44.9
Improved 28 spots from last year
-13.3 below state avg
375 students
Diverse
Rising School
Grades K-05
C
John E. McCarthy School
4.1 mi
|
#614 of 825
|
Score: 39.9
Dropped 36 spots from last year
-18.3 below state avg
323 students
Diverse
Diverse Student Body
Grades K-05
B+
West Memorial School
4.9 mi
|
#303 of 825
|
Score: 50.7
Improved 163 spots from last year
-7.5 below state avg
283 students
Moderate
Rising School
Grades PK-05
Middle Schools
1 school
C+
J. Henry Higgins Middle School
0.9 mi
|
#235 of 352
|
Score: 37.4
Improved 10 spots from last year
-20.8 below state avg
1,271 students
Diverse
Grades 06-08
High Schools
2 schools
Bishop Fenwick High School
1.1 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
C
Peabody Veterans Memorial High School
2.9 mi
|
#259 of 346
|
Score: 46.4
Same rank as last year
-11.8 below state avg
1,234 students
Diverse
19 sports
• 1,614 athletes
Career Tech Programs
Strong Athletics
Grades 09-12
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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
$1,657
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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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
98 Main St, Peabody MA 01960
Peabody, MA 01960
Listing Information
Listing Agent
The Pizzo Group
Listing Office
Aluxety
Office Phone
800-806-3212
Agent MLS ID
TM319354
Office MLS ID
AN8387
Listing Data Updated
Sep 1, 2026 11:21 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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