$1,299,900
●
Commercial -
Off Market
15-17 Kearney Sq #12
Lowell, MA 01852
Studio
0 Bath
4,499 Ft²
$8,169
Est. Monthly
0.93%
Cap Rate
About This Property
Once in lifetime opportunity. Prime downtown Lowell location w/ 2
separate spaces with tons of potential! The front unit is a 2684
sf, A full service restaurant that includes all equipment as
attached. The rear unit is an 1815 sf former bar space that could
be used as such or open a wall and combine with the front area.
This sale also includes 1/2 of the 14 foot wide owned alley
way that abuts Eastern Canal and the building. This 4,000 sf area
is known as 27 Kearney Sq. Currently the area is utilized as
outside seating for the restaurant but the whole area could be
utilized to the fullest extent. The property is in the heart of
Downtown Lowell and walking distance to Middlesex Community
College, The Lowell Auditorium, The Lowell Connector, Train/Bus
Station and more.
Unit Size
4,499 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$289
Property Type
Commercial
Property Taxes
$1,785
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 7 months ago (MLSPIN #73435877)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 2, 2026 | No longer available | - | |
| No longer available | |||
| Feb 4, 2026 | Relisted | $1,299,900 | |
| Relisted | |||
| Feb 2, 2026 | No longer available | - | |
| No longer available | |||
| Sep 26, 2025 | Price Increased |
$1,299,900
↑ $100K
(8.3%) | |
| Price Increased | |||
| Sep 25, 2025 | Listed by Merrimack Realty Group, Chelmsford | $1,200,000 | |
| Listed by Merrimack Realty Group, Chelmsford | |||
Property Highlights
Exterior Details
Square Footage: 4499
Year Built: 1880
Building Area Total: 4499
Building Area Units: Square Feet
Lot Size Area: 0.24
Lot Size Units: Acres
Lot Size Acres: 0.24
Lot Size Square Feet: 10355
Financial Details
Tax Annual Amount: $21,425
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/01/2026
|
3 Bed
|
3 Bath
|
2948 ft²
|
$559,900
3 Bed
3 Bath
2948 ft²
|
$572,000
+2.16%
06/22/2026
|
The Rental Team
Hayden Rowe Properties
| |
|
09/25/2025
|
Loft
|
-
|
4499 ft²
|
$1,200,000
Loft
-
4499 ft²
|
-
-
|
Timothy Shanahan
Merrimack Realty Group, Chelmsford
| |
|
09/25/2025
| |
Loft
|
-
|
-
|
$1,200,000
Loft
-
|
-
-
|
Timothy Shanahan
Merrimack Realty Group, Chelmsford
|
|
05/29/2025
|
Loft
|
-
|
10355 ft²
|
$1,999,000
Loft
-
10355 ft²
|
-
-
|
Michael Stuart
Spagnola Real Estate & Consulting, Inc.
| |
|
05/27/2025
|
2 Bed
|
2 Bath
|
2106 ft²
|
$569,900
2 Bed
2 Bath
2106 ft²
|
$569,900
07/22/2025
|
Lisa Pantuso
Ready RE, LLC
| |
|
09/10/2023
|
2 Bed
|
2 Bath
|
2020 ft²
|
$529,900
2 Bed
2 Bath
2020 ft²
|
$520,000
-1.87%
02/15/2024
|
Tara Farley
Churchill Properties
| |
|
09/22/2022
|
2 Bed
|
2 Bath
|
2020 ft²
|
$549,000
2 Bed
2 Bath
2020 ft²
|
$515,000
-6.19%
03/10/2023
|
Lowell Loft Group
Keller Williams Realty-Merrimack
| |
|
03/15/2022
|
3 Bed
|
2 Bath
|
2300 ft²
|
$599,900
3 Bed
2 Bath
2300 ft²
|
$577,500
-3.73%
05/13/2022
|
Kelli Gilbride
Dick Lepine Real Estate,Inc.
| |
|
03/02/2021
|
2 Bed
|
2 Bath
|
1554 ft²
|
$459,999
2 Bed
2 Bath
1554 ft²
|
$460,000
+0.00%
04/21/2021
|
Christian Doherty
Doherty Properties
| |
|
09/22/2020
|
2 Bed
|
2 Bath
|
2020 ft²
|
$529,999
2 Bed
2 Bath
2020 ft²
|
$515,000
-2.83%
12/22/2020
|
Christian Doherty
Doherty Properties
| |
|
05/08/2020
|
2 Bed
|
2 Bath
|
1554 ft²
|
$479,000
2 Bed
2 Bath
1554 ft²
|
-
-
|
-
| |
|
01/22/2019
|
1 Bed
|
2 Bath
|
1554 ft²
|
$479,000
1 Bed
2 Bath
1554 ft²
|
-
-
|
-
| |
|
04/27/2017
|
2 Bed
|
2 Bath
|
3004 ft²
|
$603,900
2 Bed
2 Bath
3004 ft²
|
$603,900
05/05/2017
|
John Deangelis
Susan Meola, Properties
| |
|
09/08/2016
|
2 Bed
|
2 Bath
|
2444 ft²
|
$460,000
2 Bed
2 Bath
2444 ft²
|
$459,900
-0.02%
03/29/2017
|
John Deangelis
Susan Meola, Properties
| |
|
03/22/2016
|
2 Bed
|
2 Bath
|
2027 ft²
|
$485,900
2 Bed
2 Bath
2027 ft²
|
$485,900
08/08/2016
|
John Deangelis
Susan Meola, Properties
| |
|
03/16/2016
|
2 Bed
|
2 Bath
|
1977 ft²
|
$485,900
2 Bed
2 Bath
1977 ft²
|
$485,900
07/28/2016
|
John Deangelis
Susan Meola, Properties
| |
|
03/04/2016
|
2 Bed
|
2 Bath
|
2100 ft²
|
$485,900
2 Bed
2 Bath
2100 ft²
|
$485,900
08/09/2016
|
John Deangelis
Susan Meola, Properties
| |
|
03/04/2016
|
1 Bed
|
2 Bath
|
1589 ft²
|
$470,900
1 Bed
2 Bath
1589 ft²
|
$470,900
07/29/2016
|
John Deangelis
Susan Meola, Properties
|
Building Info
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