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$325,000 -$74,000 (-18.55%) Price Reduced

  • For Sale
  • Active
  • Commercial
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Iconic and storied East Gloucester location with amazing potential and great street visibility. First floor condo unit is formerly Duckworth's Bistrot. This space could be a restaurant, office or business or could be converted to residential with a special permit. Consists of a large great room with beautiful floor to ceiling windows, half bath, kitchen and washroom. Outdoor space currently holds a walk in refrigerator but could be a patio space. You are in the heart of East Gloucester with Smith Cove on your doorstep, North Shore Art Association around the corner. Rocky Neck, Niles Beach and Good Harbor Beach minutes away.

Full Property Details for 197 E Main #1

General

  • Price: $325,000
  • Taxes: $1,499 (2025)
  • Status: Active
  • Type: Commercial
  • MLS ID: 73455977
  • Updated: 1/13/2026
  • Added to Site: 59 day(s) ago

Location

  • County: Essex

Structural Information

  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.06

Financial Considerations

  • Tax Amount: $1,499
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures/Rstr.: Condo docs filed before closing. Condo fee - estimate that includes master insurance. Oil/Water/Sewer - shared exp payed separately. Tax estimated based on % by square foot. Some photos from previous restaurant. Furniture & equip. not included UNIT 1 WILL NOT BE SOLD WITHOUT UNIT 2 ALSO BEING SOLD
  • Property ID: 1897061
  • Block/Lot/Section: 37

Listed by Engel & Volkers By the Sea, Andree Gillian Group and Gillian Harnish Bouchie

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Listing agents

— 197 E Main #1 —

  • Andree Gillian Group

    Engel & Volkers By the Sea

  • Gillian Harnish Bouchie

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 197 E Main #1

School District:Gloucester School District
NameGradesDistance
East Gloucester Elementary School
8 Davis Street Extension, Gloucester, MA 01930
K-50.2 mi
Ralph B O'maley Middle School
32 Cherry Street, Gloucester, MA 01930
6-81.8 mi
Gloucester High School
32 L O Johnson Rd, Gloucester, MA 01930
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 197 E Main #1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/09/2026
Price Reduced
$325,000
-18.55%
MLS
12/04/2025
Price Reduced
$399,000
-6.12%
MLS
11/18/2025
Listed
$425,000
254.17%
MLS
4/01/1994
Sold
$120,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 197 E Main #1

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,136
16%
$734,200
3%
2020
$6,134
—
$709,800
6%
2020
$6,134
—
$669,400
16%
2020
$6,134
—
$577,400
15%
2020
$6,134
—
$500,400
4%
2020
$6,134
100%
$481,500
1%
2019
100%
$478,800
1%
2018
100%
$473,400
3%
2017
100%
$459,800
—
2016
100%
$459,700
—
2015
100%
$459,700
—
2014
—
$461,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 197 E Main #1

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Engel & Volkers By the Sea, Andree Gillian Group and Gillian Harnish Bouchie

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Recent Sales near 197 E Main #1

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197 E. Main #1, Gloucester, MA 01930 (MLS# 73455977) is a Commercial property. 197 E. Main #1 is currently listed for $325,000 and was received on November 18, 2025. Want to learn more about 197 E. Main #1? Do you have questions about finding other Commercial real estate for sale in Gloucester? You can browse all Gloucester real estate or contact a Coldwell Banker agent to request more information.

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