Collin Mulcahy · Listing broker
21-69 S Main St
Leicester, MA 01524
$2,700,000
Also for lease, from 130 SF.
Also:
- Building
- 74,745 SF
- Available
- 55,366 SF
- Suites
- 130 SF to 15,174 SF
- Rent in place
- About $22,000 / mo
- Lot
- 3.74 Acres
- Loading
- 4 Docks, 2 Drive-Ins
Highlights
Why this building
$22,000 / mo
Approximate rent in place, as reported. Ask the broker for the full financials.
55,366 SF
Available, in spaces from 130 SF to 15,174 SF contiguous.
4 Docks, 2 Drive-Ins
Loading for trucks and freight.
3.74 Acres
Of land, with 60 spaces of parking.
Who it suits
The investor
Buy at $2,700,000 with about $22,000 a month in rent in place, and 55,366 SF still to lease.
Run the numbers
The owner-user
Own 74,745 SF and run your business from it, with tenants already in the rest of the building.
See the monthly cost
The tenant
Lease from 130 SF, with no building to buy.
The property
Executive summary
This is a 74,745 SF former mill in Cherry Valley, Leicester, six miles west of Worcester, and it leases well because the space bends to whatever you need.
It's masonry, three stories, built to last, with 4 loading docks and 2 drive-in doors, so getting trucks and freight in and out is straightforward. There's 55,366 SF available right now across 18 spaces, and we can go as small as 130 SF or assemble up to 15,174 SF contiguous. The first floor handles industrial, flex, or office. The second and third floors work for office, retail, or flex. The building sits on 3.74 acres with 60 parking spaces on Route 9, where 15,000+ cars go by every day. You get direct access to Worcester six miles east and to I-90/the Mass Turnpike. The zoning is accommodating, so office, retail, distribution, or light industrial all fit. Wet sprinkler system throughout. Rents are negotiable and depend on the suite and the term. The whole building is also for sale at $2,700,000, with about $22,000 a month in rent already coming in from 12+ tenants, so an investor or owner-user gets income on day one and 55,366 SF to fill. If you're looking for flex or industrial space near Worcester, to lease or to own, this is the one to walk.
Specifications
The building
- Building
- Historic Leicester Mill
- Size
- 74,745 SF
- Year built
- 1880
- Stories
- 3
- Construction
- Masonry
- Tenancy
- Multi-Tenant
The site
- Address
- 21-69 S Main St, Leicester, MA 01524
- Lot
- 3.74 Acres
- Parking
- 60 Spaces
- Zoning
- B
Systems and access
- Loading
- 4 Docks, 2 Drive-Ins
- Sprinklers
- Wet
The deal
- Price
- $2,700,000
- Rent in place
- About $22,000 / mo
- Lease type
- Sale or Lease
- Available
- 55,366 SF
- Max contiguous
- 15,174 SF
- Min divisible
- 130 SF
The numbers
What would it cost you?
Amortization
Mortgage, per month
$14,312
Property tax, per month
$2,495
Leicester FY2026 rate, $11.09 per $1,000, on the asking price
Cash down
$675,000
Mortgage and tax: $16,808 a month
Not included: insurance, repairs, utilities, management and any vacancy. Those depend on the building's full financials, which come from the listing broker.
Want the real figures?
Collin Mulcahy can take you through the financials and the terms.
Estimates to get oriented, not an offer or a loan quote. Tax is figured on the asking price, not the assessed value.
Location
Where it is
Location
21-69 S Main St
Leicester, MA 01524
Drive times
By road, with no traffic
- Downtown Worcester8 min · 3.8 mi
- Boston67 min · 47.4 mi
- Providence56 min · 41.8 mi
- Hartford79 min · 61.5 mi
The market around it
CoStar Worcester market, Q3 2026
3.9%
Vacancy in industrial buildings under 20,000 SF
9.3%
Vacancy across all industrial space
$10.94
Average industrial asking rent per SF
$11.09
Leicester commercial tax rate per $1,000, FY2026
