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.
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Last Checked: April 26th, 2026 at 5:48am (Source: MLS PIN #73504805)
General Information for 414-416 Main St, Wakefield MA 01880
Listing ID73504805
Property TypeCommercial Sale / Commercial
Price$5,900,000
Style
CityWakefield
CountyMiddlesex
Neighborhood(s)
ZoningB
Year Built1900
Disclosures for 414-416 Main St, Wakefield MA 01880
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Special Listing Conditions
ExclusionsAll Appliances To Remain.
Compensation Based On
Contact Information for 414-416 Main St, Wakefield MA 01880