40 S Main St, Milford MA 01757
Milford, MA 01757
$515,000
$489,000
Est. $3,187/month
About this home
Rare opportunity to own a free-standing retail building, with steel I-beam construction in the heart of Milford’s sought-after downtown community. Built in 1952, this property at 40 S Main St has a rich history of commercial success, having been operated as a local floor covering company for over 50 years. This landmark site offers 1,792 square feet of versatile space with 12-foot ceilings, ideal for a showroom, professional office, or boutique. Strategically located with high visibility and excellent access to RT 16 and public transportation, the building features a paved driveway and ample parking. Legal non-conforming, it represents a stable and proven location for your next venture. The building is connected to public water and sewer utilities. This is a unique chance to secure a property with decades of established presence in a vibrant business district.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
5%
Price Range
Property Timeline
Price Reduced
May 7, 2026
$489,000
$26,000
(-5.05%)
From $515,000 to $489,000 (-5.0%)
Agent Changed
Mar 20, 2026
David Geraway →
Listed for Sale
Mar 16, 2026
$515,000
Original listing
Office: Keller Williams Pinnacle Central
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/07/2026 | ↓ Price Reduced | $489,000 | $26,000 | - | From $515,000 to $489,000 (-5.0%) |
| 03/20/2026 | 👤 Agent Changed | - | - | - | David Geraway → |
| 03/16/2026 | 🏠 Listed for Sale | $515,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,178 | — |
Financial Details
Annual Property Tax
$6,178
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1952
Living Area
1,792 sq ft
Lot Size
0.10 acres
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
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
Financial
Annual Tax
$6,178
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Buyer To Use Due Diligence
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Worcester
Property Overview
Listing Type
Commercial Sale
Year Built
1952
Living Area
1,792 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
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:
1952
Structure Type:
Exterior Materials:
Roof:
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:
Nearby Schools
School District
Milford School District local
C+
School Safety
2024-25
3.8%
Above Average
3.2%
Suspensions
0.9%
In-School
0.6%
Emergency
1.7% below state avg
Elementary Schools
5 schools
Evergreen Center School
2.0 mi
Grades PK-12
Memorial School
0.7 mi
435 students
Diverse
Diverse Student Body
Grades K-02
Brookside School
1.0 mi
578 students
Diverse
Diverse Student Body
Grades K-02
Shining Star Early Childhood Center
1.2 mi
158 students
Diverse
Diverse Student Body
Grades PK
B
Woodland School
1.8 mi
|
#371 of 824
|
Score: 48.4
Improved 263 spots from last year
-9.8 below state avg
1,036 students
Diverse
Rising School
Grades 03-05
Middle Schools
1 school
C
Stacy Middle School
0.6 mi
|
#263 of 352
|
Score: 35.3
Improved 32 spots from last year
-22.9 below state avg
989 students
Diverse
Rising School
Grades 06-08
High Schools
2 schools
Riverside School
1.5 mi
Grades 06-12
B-
Milford High School
1.2 mi
|
#209 of 346
|
Score: 50.8
Improved 32 spots from last year
-7.4 below state avg
1,316 students
Diverse
17 sports
• 1,698 athletes
Early College Program
Rising School
College Ready Curriculum
Strong Athletics
Grades 09-12
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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
$515
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
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
40 S Main St, Milford MA 01757
Milford, MA 01757
Listing Information
Listing Agent
The Elevate Group
Listing Office
Properties Central Realty
Office Phone
508-499-7600
Agent MLS ID
TM362722
Office MLS ID
AC1908
Listing Data Updated
Jul 8, 2026 4:13 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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