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189-191 Main St
Gloucester, MA 01930 North Shore

$475,000 - $565,000 USD

Storefront Retail Office Condos For Sale  •  1,700+ SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 12,902 SF
  • Lot Size 0.07 AC
  • Building Class B
  • Year Built 1880
  • Tenancy Multiple
  • Zoning I1
46 Transit Score
95 Walk Score

2 Units Available

Name Condo Use Size Price Details
Ll Floor - Unit L Office 2,815 SF $475,000 USD
  • Unit Size: 2,815 SF
  • Condo Use: Office
  • Price: $475,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $168.74 USD
Description
The estimated condo fee is $357.76 per month.

Sale Notes
This fantastic space feature a former gigantic vault that has been converted into an amazing conference room. The space is largely open with glass offices around the perimeter and boasts numerous unique design features including an ancient night deposit box, a huge vault door with intricate appointments, and former vaults that have been turned into private telephone rooms. This approximately 2,815 square-foot unit boasts a beautiful window line with lighting, which is warm and inviting. A wonderful and unique buildout. The unit, which includes the outdoor patio space, is fully leased to Wheelhouse Cowork.

1st Floor - Unit 1A Office/Retail 1,700 SF $565,000 USD
  • Unit Size: 1,700 SF
  • Condo Use: Office/Retail
  • Price: $565,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $332.35 USD
Description
The estimated condo fee is $425.55 per month.

Sale Notes
One of the most well known spaces in all of Gloucester, this magnificent unit is defined by high ceilings, period moldings, dazzling lighting, and beautiful hardwood floors. In addition, this amazing space has an enormous former vault that has been converted to a truly unique selling space. There is another fabulous vault build into the eastern wall of the space and the custom lighting is simply spectacular. This incredible approximately 1,700 square-foot unit is available for occupancy December 1, 2025.

Description

189-191 Main Street is the most iconic and recognizable building in all of downtown Gloucester.  Two spectacular commercial condominiums are available for purchase.  To be noted, Blue River Diamonds, the long time retail tenant at the property is purchasing their suite as a long term commitment to this location and space.  

The first available space to be purchased is the Matthew Swift Gallery Space of approximately 1,700 square feet.  This spectacular space boasts period features, a rich hardwood floor, a huge vault which is a unique showroom space, and an incredible upgraded lighting system.  The location on Main Street boasts generous signage as well as a highly landscaped setting.  The suite is well known to shoppers all throughout Cape Ann.  It is available for purchase for occupancy December 1, 2025 unless an accelerated timeframe is negotiated.  

The second condominium suite is occupied by Wheelhouse Co-Working and is approximately 2,800 square feet.  Today, the space is home to numerous smaller businesses.  The buildout is nothing short of spectacular with no less than 6 vaults and safes employed in creative ways including the enormous, windowed conference room.  This is unique space yielding a very pleasurable work environment, all in the center of the beautiful Main Street corridor.  The condominium can be purchased by either an investor or owner occupant.  The lease ends on December 31, 2028 and there are no options to renew.  This puts the potential owner occupant buyer in the position where they could purchase the condominium and at the same time rent space from Wheelhouse for their growing business until the lease is up at the end of 2028 at which time the owner occupant buyer would have full control over the space.    It is possible that significant space could be available in the short run if an owner occupant needed to explore that possibility.

Highlights

189 Main Street is the most beautiful and recognizable building in Downtown Gloucester
The property is at the key intersection of Main Street and Pleasant/Duncan Streets, a rare through intersection with Main Street
These impressive spaces available for sale are nothing short of spectacular. Historic features are well preserved
The building boasts huge visibility from both Main and Pleasant Streets
There is significant pedestrian traffic at this key intersection
The grounds are highly landscaped, adding to the quality of the building experience

Public Transportation

Commuter RailDriveWalkDistance
Gloucester (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 1 min 10 min 0.5 mi
West Gloucester (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 5 min - 2.6 mi
AirportDriveWalkDistance
General Edward Lawrence Logan International 52 min - 31.3 mi
Ken Hecht 617-755-9400 Hecht Development, LLC
Ken Hecht 617-755-9400 Hecht Development, LLC