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197 E. Main # 1, Gloucester MA 01930

Gloucester, MA 01930 • East Gloucester
$325,000
Est. $1,968/month
0.06
Acres
1900
Year Built
98
Days on Market
Active Price Drop -$100,000 Listed Nov 18, 2025 • MLS# 73455977 Copied!

About this home

Iconic and storied East Gloucester location with amazing potential and great street visibility. First floor condo unit is formerly Duckworth's Bistrot. This space could be a restaurant, office or business or could be converted to residential with a special permit. Consists of a large great room with beautiful floor to ceiling windows, half bath, kitchen and washroom. Outdoor space currently holds a walk in refrigerator but could be a patio space. You are in the heart of East Gloucester with Smith Cove on your doorstep, North Shore Art Association around the corner. Rocky Neck, Niles Beach and Good Harbor Beach minutes away.

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Property Overview

Listing Type
Commercial Sale
Year Built
1900

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1900
Lot Size 0.06 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof Asphalt/composition Shingles, Rubber
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, 220 Volts, See Remarks

Financial

Annual Tax $1,499
HOA Yes

Interior Features

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

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof: Asphalt/Composition Shingles, Rubber
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

East Gloucester

197 E. Main # 1, Gloucester MA 01930

Gloucester, MA 01930

Walkability

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Nearby Schools

School District
Gloucester School District local
C-
🎓 Where Graduates Go Class of 2021
42% attend college
31% 4-Year 11% 2-Year 17% Out of State 14% Working
✓ School Safety 2024-25
1.9% Average
1.9% Suspensions 0.5% In-School
↓ 3.6% below state avg
E

Elementary Schools

6 schools
Faith Christian School
2.1 mi
Grades PK-08
C
East Veterans Elementary School
0.8 mi | #651 of 824 | Score: 38.2
Dropped 58 spots from last year
-20 below state avg
451 students Diverse
Grades K-05
Gloucester PreSchool
1.3 mi
101 students Moderate
Grades PK
C-
Beeman Memorial School
2.2 mi | #701 of 824 | Score: 35.6
Dropped 172 spots from last year
-22.6 below state avg
292 students Diverse
Grades K-05
C-
West Parish School
3.2 mi | #683 of 824 | Score: 36.5
Dropped 245 spots from last year
-21.7 below state avg
382 students Less Diverse
Grades K-05
B+
Plum Cove School
4.5 mi | #322 of 824 | Score: 50.1
Improved 68 spots from last year
-8.1 below state avg
217 students Less Diverse
Rising School
Grades K-05
M

Middle Schools

1 school
C+
Ralph B O'Maley Middle School
1.8 mi | #238 of 352 | Score: 37.3
Improved 24 spots from last year
-20.9 below state avg
619 students Moderate
Rising School
Grades 06-08
H

High Schools

1 school
C+
Gloucester High School
1.3 mi | #212 of 346 | Score: 50.4
Improved 27 spots from last year
-7.8 below state avg
776 students Moderate
17 sports • 1,070 athletes
Rising School Career Tech Programs Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
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 $125
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

Market Insights

1
Price Changes
18.5%
Price Range

Property Timeline

↓
Price Reduced
Jan 9, 2026
$325,000 $74,000 (-18.55%)
From $399,000 to $325,000 (-18.6%)
🏠
Listed for Sale
Nov 18, 2025
$399,000
Original listing
Agent: Andree Gillian Group Office: Engel & Volkers By the Sea

Price & Status History

Date Event Price Change
Jan 25, 2026 Sold $325,000 —
Jan 9, 2026 Price Changed $325,000 -$74,000
Nov 18, 2025 New Listing Added $399,000 —

Market Statistics

Days on Market
98 days
Price per Sq Ft
$—
Total Price Drop
-$100,000

Tax History

Year Taxes Assessment
2025 $1,499 —

Financial Details

Annual Property Tax
$1,499
Tax Year 2025

Listing Information

Listing Agent Andree Gillian Group
Listing Office Engel & Volkers By the Sea
Agent MLS ID TM356221
Office MLS ID AN5002
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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Market Analytics for Gloucester, MA

Real-time market trends and pricing data for this area

197 E. Main # 1, Gloucester MA 01930 - Photo 1 197 E. Main # 1, Gloucester MA 01930 - Photo 2 197 E. Main # 1, Gloucester MA 01930 - Photo 3 197 E. Main # 1, Gloucester MA 01930 - Photo 4 197 E. Main # 1, Gloucester MA 01930 - Photo 5 197 E. Main # 1, Gloucester MA 01930 - Photo 6 197 E. Main # 1, Gloucester MA 01930 - Photo 7 197 E. Main # 1, Gloucester MA 01930 - Photo 8 197 E. Main # 1, Gloucester MA 01930 - Photo 9 197 E. Main # 1, Gloucester MA 01930 - Photo 10 197 E. Main # 1, Gloucester MA 01930 - Photo 11 197 E. Main # 1, Gloucester MA 01930 - Photo 12 197 E. Main # 1, Gloucester MA 01930 - Photo 13 197 E. Main # 1, Gloucester MA 01930 - Photo 14 197 E. Main # 1, Gloucester MA 01930 - Photo 15 197 E. Main # 1, Gloucester MA 01930 - Photo 16
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