197 Market St, Lowell, MA 01852 - Photo 1

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$895,000

For Sale
Active
Commercial

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Property Description

Exceptional opportunity to own a beautifully updated restaurant space in the heart of Downtown Lowell. This single-story brick building combines historic charm with modern upgrades, featuring a bright, open dining room with soaring 12' ceilings, exposed brick walls, large storefront windows, and a welcoming bar. The fully equipped kitchen includes high-end appliances, a 192 SF walk-in cooler, 64 SF freezer, and plenty of prep space. Additional highlights include central AC, gas heat, polished finishes, and a full unfinished basement for storage. Surrounded by shops, offices, and event venues, this location benefits from heavy foot traffic, excellent visibility, and nearby parking. Ideal for launching a new concept or expanding your portfolio, this turnkey property offers unbeatable character, functionality, and investment potential in one of Lowell's most vibrant districts. A rare find combining character and prime downtown visibility!

Full Property Details

Full Property Details for 197 Market St

General

Price: $895,000
Taxes: $7,731 (2025)
Status: Active
Type: Commercial
MLS ID: 73421228
Updated: 8/26/2025
Added to Site: 148 day(s) ago

Location

County: Middlesex

Structural Information

Square Feet: 4,056
Year Built: 1880

Lot Features

Lot Size (Acres): 0.05

Financial Considerations

Tax Amount: $7,731
Tax Year: 2025

Disclosures and Reports

Disclosures/Rstr.: All information regarding this property has been obtained from public records and/or the seller and is deemed reliable but not guaranteed. Buyer and/or buyer's agent is responsible for conducting their own independent due diligence, including but not limited to zoning, permitting, and intended use.
Property ID: M:159 B:3905 L:197, 3187235

Listed by Doherty Properties, Christian Doherty

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Listing agent

— 197 Market St —

Christian Doherty

Doherty Properties

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Schools

Schools serving 197 Market St

School District:Lowell School District

Name	Grades	Distance
Charlotte M Murkland Elementary School 350 Adams Street, Lowell, MA 01854	PK-4	0.5 mi
Kathryn P. Stoklosa Middle School 560 Broadway Street, Lowell, MA 01854	5-8	0.7 mi
Bartlett Community Partnership School 79 Wannalancit Street, Lowell, MA 01854	PK-8	0.8 mi
Lowell High School 50 Father Morissette Boulevard, Lowell, MA 01852	9-12	0.2 mi
Moody Elementary School 158 Rogers Street, Lowell, MA 01852	K-4	0.9 mi
Abraham Lincoln Elementary School, Lowell, MA 300 Chelmsford Street, Lowell, MA 01851	PK-4	1.1 mi
Henry J Robinson Middle School 110 June Street, Lowell, MA 01850	5-8	1.1 mi
C.W. Morey Elementary School 130 Pine Street, Lowell, MA 01851	PK-4	1.3 mi
Joseph McAvinnue Elementary School 131 Mammoth Road, Lowell, MA 01854	PK-4	1.3 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 Market St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

8/22/2025

Listed

$895,000

86.46%

MLS

9/26/2023

Sold

$480,000

—

Public Record

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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

Tax History for 197 Market St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$7,731

-1%

$345,600

2024

$7,807

$335,500

2023

$7,756

-2%

$318,400

2022

$7,901

-5%

$313,800

2021

$8,320

—

$310,100

—

2020

$8,301

-3%

$310,100

2019

$8,600

13%

$300,800

16%

2018

$7,593

-1%

$258,800

2017

$7,648

$249,600

2016

$7,605

-4%

$243,600

—

2015

$7,907

13%

$243,600

2013

$6,978

—

$222,800

—

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

Estimate the Cost for 197 Market St

197 Market St, Lowell, MA 01852 (MLS# 73421228) is a Commercial property. 197 Market St is currently listed for $895,000 and was received on August 22, 2025. Want to learn more about 197 Market St? Do you have questions about finding other Commercial real estate for sale in Lowell? You can browse all Lowell real estate or contact a Coldwell Banker agent to request more information.

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197 Market St Lowell, MA 01852