Ipswich, MA Commercial Real Estate for Sale and Lease

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What to Expect

This bustling Essex County town is roughly 28 miles northeast of Boston and has a population of approximately 13,000. It's large enough to have fairly diverse commercial real estate offerings, including industrial space, retail space and office space. We're familiar with the business districts in this area and can help you find suitable commercial real estate in no time.

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Located in Essex County, Massachusetts, this town of 13,175 is alive with development opportunities thanks to its vivid blend of festivals, natural resources, and historic background. With 32.1 square miles of land and 10.4 square miles of water, the area offers a variety of different topography and features, including forests, marshes, and islands. Plum Island, which is 11 miles in length and partly managed by this town, has a small village with businesses and residences. Incorporated in 1634, the area is only 28 miles northeast of Boston.

Public green space and recreation areas include the Willowdale State Forest, the Crane Wildlife Refuge, the Sandy Point State Reservation on Plum Island, and the Parker River National Wildlife Refuge. The Willowdale State Forest, which is located on the eastern portion of the Ipswich River, contains 2,491 acres, which is crossed by over 40 miles of hiking trails. Either end of the town is bordered by rivers, which create marshlands.

In terms of accessibility, the area can be reached by U.S. Route 1, Route 1A, and Route 133. The MBTA Commuter Rail, specifically the Newburyport/Rockport line, has a station in town. There is no bus service within the area although a weekend shuttle service to the commuter station and nearby towns is available.

The natural beauty of the area and its relative proximity to the greater Boston metropolitan area has created several commercial opportunities. The 2.08 acre lot at 143 High Street, which has been zoned as a commercial investment property, has a prime location on Route 133 right next to downtown. A ranch style home currently occupies the property, which has 150 feet of road frontage, and is located near other properties that may be available for joint acquisition. The zoning, which allows for retail, mixed use, or housing development, makes this an excellent opportunity for a forward-thinking investor. The property has been listed at $785,000.

Office Space Market

In terms of the office space market, this town offers some historically-styled buildings with open floor plans, beautiful exteriors, and unbeatable central locations. The 11,803 square foot brick building at 8 Central Street is an appealing mix of ground floor retail and multi-story office space. With beautifully detailed display storefront windows downstairs and elegantly shaped circular-capped windows on the upper floors, the building makes excellent use of natural light in its wood-paneled and ionic columned interiors. Built in wooden shelving in the kitchen and hardwood floors create a cozy, warm interior, while other units have carpeting to create a quieter office environment. Built in 1991, the building has a calming, traditional appearance, and is located on a street with a thriving retail presence. The estimated rent for this property is $1.52 per square foot per month.

For those who wish to get in on the so-called ground floor of development, the lot at 58 Mitchell Road has been zoned for mixed use commercial development, including office space and storage. Formerly an industrial site, the 2.08 acre lot offers the perfect opportunity for a farsighted investor who wants to create a brand new type of space within the borders of the town. The price for the land is $275,000.

A 12.00 acre parcel at 8 Candlewood Road has recently come onto the market. Although the property is mainly residential, a small portion of office space currently exists in the 32-stall horse stable on the property. The list price for this property is $725,000.

Retail Space Market

The retail space market in this town favors large, freestanding spaces that make the most of their scenic location. The property at 73-77 Turnpike Road, which has a green colored awning with a prominent, distinctively styled window, is situated on a large parking lot with immediate access to Route 1. Pylon signs are included with most units. Built in 1987, the structure has 13,333 total square feet with numerous suites and units available for lease. The estimated rent for this structure is $1.33 a square foot per month.

The low-slung brick building at 2 Lord Square offers a charming series of spaces in a prime downtown location. Built in 1965, the property has a total square footage of 2,611, and has its own parking lot for visitors. It is an excellent investment for an entrepreneur who wants to take advantage of a great location. The estimated rent for this property is $1.17 a square foot a month.

Meanwhile, the stylish building at 110 Central Street offers a commanding central entrance and a classy brick exterior. Built in 1910, this property has been a bank, but is zoned for general retail. With a gross leasable area of 3,120 square feet, the property is a mix of new and long standing tenants who are capable of maintaining their space and handling snow shoveling duties during the winter. The price for this property has been listed at $1,500,000.

Another boutique leasing opportunity is available at 131 High Street, which features a single story building with a green canopy and elegant front display windows that look out on a private parking lot. With 2,159 square feet, the property is perfect for a small to medium sized retail outlet that wishes to take advantage of the traffic heading into and out of downtown. The estimated rent for this property is $1.07 per square foot per month.

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