5 Federal Street, Danvers MA 01923

Danvers, MA 01923

$22

Est. $7,433/month

1.63

Acres

1985

Year Built

17 hours 10 minutes

Time on Market

Active Listed May 12, 2026 • MLS# 73516955 Copied!

About this home

Prime leasing opportunity featuring two large suites, one 2870sf, one 4405sf, plus an additional five individual offices within a well-positioned commercial medical building set on a generous 1.6-acre lot. This property offers excellent visibility and accessibility, ideal for medical, dental, or professional office use. The flexible layout includes multiple exam rooms, private offices, and welcoming waiting areas designed for efficiency and patient comfort. The expansive lot provides ample on-site parking, with potential for future expansion or additional development. Conveniently located near major routes and local amenities, with easy access to Route 114 and Route 128, this is a rare opportunity in a desirable and growing area.

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Property Overview

Listing Type

Commercial Lease

Year Built

1985

Facts & Features

Home Facts

Type Commercial Lease

Year Built 1985

Lot Size 1.63 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, Natural Gas Available

Financial

Annual Tax $86,789

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1985

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:

Location

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Neighborhood

5 Federal Street, Danvers MA 01923

Danvers, MA 01923

Walkability

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Nearby Schools

School District

Danvers School District local

A-

✓ School Safety 2024-25

2.3% Average

1.9% Suspensions 2.3% In-School 0.4% Emergency

↓ 3.2% below state avg

Elementary Schools

3 schools

B-

Highlands School

1.2 mi | #486 of 824 | Score: 45.2

Improved 156 spots from last year

-13 below state avg

385 students Moderate

Rising School

Grades K-05

St. Mary of the Annunciation School

1.3 mi

Grades PK-08

B+

Riverside School

1.3 mi | #304 of 824 | Score: 50.8

Improved 132 spots from last year

-7.4 below state avg

350 students Moderate

Rising School

Grades PK-05

Middle Schools

2 schools

B-

Holten Richmond Middle School

1.5 mi | #183 of 352 | Score: 42.0

Dropped 12 spots from last year

-16.2 below state avg

745 students Moderate

Grades 06-08

C+

J. Henry Higgins Middle School

1.7 mi | #240 of 352 | Score: 37.2

Improved 5 spots from last year

-21 below state avg

1,320 students Diverse

Grades 06-08

High Schools

3 schools

Northeast ARC

0.8 mi

Grades 06-12

Peabody Veterans Memorial High School

1.5 mi | #251 of 346 | Score: 45.9

Improved 8 spots from last year

-12.3 below state avg

1,333 students Diverse

19 sports • 1,614 athletes

Career Tech Programs Strong Athletics

Grades 09-12

Bishop Fenwick High School

1.7 mi

17 sports • 1,390 athletes

Strong Athletics

Grades 09-12

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Property Tax $7,232

Homeowners Insurance $200

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Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

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Property History

Property Timeline

🏠

Listed for Sale

May 12, 2026

$22

Original listing

Agent: Brian Kindlan Office: Lamacchia Realty, Inc.

Date	Event	Price	Change	$/sqft	Details
05/12/2026	🏠 Listed for Sale	$22	-	-	Original listing

Price & Status History

Date	Event	Price	Change
May 12, 2026	New Listing Added	$22	—

Market Statistics

Time on Market

17 hours 10 minutes

Price per Sq Ft

$—

Tax History

Year	Taxes	Assessment
2025	$86,789	—

Financial Details

Annual Property Tax

$86,789

Tax Year 2025

Listing Information

Listing Agent Brian Kindlan

Listing Office Lamacchia Realty, Inc.

Agent MLS ID CN216563

Office MLS ID AN5825

Listing Data Updated May 12, 2026 1:53 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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5 Federal Street, Danvers MA 01923

About this home

Property Overview

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

Neighborhood

Walkability

Nearby Schools

Elementary Schools

Middle Schools

High Schools

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