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47 S Main St 8,623 SF 72% Leased Retail Building Ipswich, MA 01938 $1,320,500 CAD ($153.14 CAD/SF) 4.02% Cap Rate
Investment Highlights
- Prime downtown Ipswich location with strong foot traffic
- Value-add potential through future rent growth and repositioning
- Mixed-use asset: ground-floor retail + four office suites
Executive Summary
Downtown Ipswich mixed-use opportunity. 47 South Main Street is ideally located in the heart of Ipswich overlooking the Ipswich River and surrounded by shops, restaurants, and strong foot traffic. The property, built in 1950, features a large ground-level retail space with four offices above, offering flexibility for both investors and owner-users. Currently leased, the property provides immediate income with future upside potential. Ideal for an owner-occupant seeking a prominent retail location with additional rental income, or an investor looking for a well-located asset in a high-demand market. Convenient access to Route 1A and the Ipswich MBTA commuter rail.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,623 SF
Building Class
B
Year Built
1950
Price
$1,320,500 CAD
Price Per SF
$153.14 CAD
Cap Rate
4.02%
NOI
$53,126 CAD
Percent Leased
72%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.17
Lot Size
0.17 AC
Zoning
CB
Frontage
39’ on S Main St
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | IPSW-000042A-000172 | Improvements Assessment | $794,851 CAD |
| Land Assessment | $434,411 CAD | Total Assessment | $1,229,262 CAD |
Property Taxes
Parcel Number
IPSW-000042A-000172
Land Assessment
$434,411 CAD
Improvements Assessment
$794,851 CAD
Total Assessment
$1,229,262 CAD
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47 S Main St
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