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An exceptional opportunity to acquire a landmark 42-unit commercial building at the heart of downtown Wakefield. Originally constructed by Cyrus Wakefield, the industrialist after whom the Town of Wakefield was named in 1868, this property represents a rare convergence of historical significance, stable multi-tenant income, and a compelling rent-upside story that gives a buyer an immediate, low-risk path to value creation. The building is mostly tenancy at will. Those who have walked through the Wakefield Building invariably come away with something beyond a financial impression. The craftsmanship is immediate and undeniable - the massiveness of the structure, the robust mechanical systems, the sweeping staircases, the warmth of real wood throughout. There is a soul to this building that no modern construction can replicate, and visitors feel it instinctively. It is the rare quality of something built without compromise, in an era when buildings were made to last centuries.

More Info

Basic Information

  • Mls StatusActive
  • Parcel Number M:000017 B:0074 P:000148,818407

Tax Information

  • Tax Year 2025
  • Taxes$85,090

Basic Information

  • List Price$5,900,000
  • MLS Number73504805
  • Modification Date04/25/2026
  • Virtual TourView Tour

Location

  • Address414-416 Main Street
  • Building Number414-416
  • CountyMiddlesex
  • StateMA
  • StreetMain Street
  • TownWakefield
  • Zip01880

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer
  • Year Built1900

Property

  • Acreage0.29

Exterior

  • RoofRubber

Property Information

  • Lot Size Square Feet 12,689
  • Lot Size Units Acres

Legal

  • ZoningB
  • Zoning Description Legal Conforming

Other

  • Date Listed04/21/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by McCaul & Mounsif Real Estate Group of McCaul & Mounsif Real Estate Group LLC

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