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98 Main St, Peabody MA 01960

Peabody, MA 01960
$1,900,000
Est. $11,464/month
7,728
Sq Ft
$246
Price/Sq Ft
0.16
Acres
1830
Year Built
9 hours 3 minutes
Time on Market
Active Listed Jul 7, 2026 • MLS# 73545991 Copied! • Updated Jul 7, 2026

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 and 2 full baths. Formerly configured as two 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

Property Timeline

🏠
Listed for Sale
Jul 7, 2026
$1,900,000
Original listing
Agent: The Pizzo Group Office: Aluxety

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
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
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
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Documents None
County Essex

Property Overview

Listing Type
Commercial Sale
Year Built
1830
Living Area
7,728 sq ft

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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:
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
E

Elementary Schools

3 schools
C-
William A Welch Sr School
0.6 mi | #666 of 824 | Score: 37.6
Improved 124 spots from last year
-20.7 below state avg
408 students Diverse
Rising School
Grades K-05
B
Witchcraft Heights School
0.6 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
C
Thomas Carroll School
0.6 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
M

Middle Schools

3 schools
C+
J. Henry Higgins Middle School
0.9 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
1.2 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
3.0 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

3 schools
Bishop Fenwick High School
1.1 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
B
Salem High School
1.4 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
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
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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 $1,657
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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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.

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 Jul 7, 2026 5:32 PM 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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Steven Novak
Steven Novak
BMN Boston Real Estate
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Steven Novak

Steven Novak

BMN Boston Real Estate

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