Active
227 Days on market
61 - 63 Glenallen St Winchendon — Photo 1 of 41

61 - 63 Glenallen St Winchendon — Photo 1 of 41

Recent Drop: $75,000

$450,000
$375,000

$375,000

61 - 63 Glenallen St, Winchendon, MA 01475

Winchendon, MA 01475 — Winchendon Springs

Beds

--

Baths

3

SqFt

3,555

Style

Other

Built

1900

SELLER WILL CONSIDER SELLER FINANCING!!! This is a fantastic opportunity for someone who wants multiple streams of income. The building offers a two-bedroom apartment that would be great for owner-occupant use or revenue production, and a 95-seat restaurant in operation for 20 years. The restaurant has proven to be a staple in the community, serving breakfast, lunch, and dinner, as well as hosting many private functions, which is no surprise, as this building has been a place to gather since the prohibitions in the 1930's. Consider many options: continue as a thriving restaurant/bar, convert to multi-family housing (town approval required), or reimagine as office space, a bewery, a gift shop, or a creative venue. Upgrades during the current ownership include a commercial-grade septic system, electric upgrades, new water heaters, and an oil tank. This is a turnkey opportunity with immediate cash flow or limitless redevelopment potential.

Market Value Analysis

Not enough listings in Winchendon for a city-only view.
This Property$105/sqft
Nearby Avg (5 mi)$105/sqft
At Market Avg

* Analysis is based on 1 actively listed and recently sold comparable properties within ~5 miles of this property.

Property Details

Financials

Original Price$450,000
Annual Taxes$2,201

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
Water--
Sewer--

Building & Exterior

Construction--
RoofTar/Gravel
Foundation--
ZoningR10

Property & Lot

Acres0.41
SqFt Lot17,859
Lot Features--

Geography

Property History

Price Drop
$375,000

Was $385,000

Sep 3, 2026

MLS® 73472490

Price Drop
$385,000

Was $399,000

Jul 14, 2026

MLS® 73472490

Price Drop
$399,000

Was $435,000

May 20, 2026

MLS® 73472490

Price Drop
$435,000

Was $450,000

Apr 3, 2026

MLS® 73472490

Listed
$450,000

Jan 28, 2026

MLS® 73472490

Population

10,265

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$77K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

23.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Michelle Peterson

Listing Office: Elm Grove Realty, LLC

MLS® Number: 73472490

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