
55 Elm St Somerville — Photo 1 of 41
Recent Drop: $500,000
$3,400,000
Somerville, MA 02144
Beds
4
Baths
3
SqFt
2,426
Style
3 Family
Built
1900
Rare mixed-use opportunity at one of Somerville’s most recognizable corners, across from the Porter Square Shopping Center and T Stop. Formerly home to the beloved and iconic Big Fish Little Fish store, this highly visible location has been a destination for generations of local residents. The property consists of a 6,290 SF mixed-use building featuring two commercial storefronts, a three-unit multifamily residence (two 1-bedroom units and one 2-bedroom unit), a driveway and yard. The commercial spaces include back rooms and basement storage, with the potential to combine both storefronts into a single larger space. The property offers exceptional redevelopment and investment potential. Ideal for condominiums, multifamily housing, and mixed-use development. Being delivered vacant, this transit-oriented site (also sees lots of foot traffic) provides unmatched accessibility to Cambridge, Boston, and surrounding communities.
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Somerville, MA.
Public Transportation • Shopping • Highway Access • House of Worship • Public School • T-Station
Was $3,900,000
Aug 18, 2026
MLS® 73536182
Jun 15, 2026
MLS® 73536182
May 30, 2026
MLS® 73527146
25,448
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$150K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
63.4%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: David Lilley
Listing Office: RE/MAX Destiny
MLS® Number: 73536182








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