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    Springfield, MA
    Creative Space

    Springfield, MA Creative Space for Sale

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    Chicopee, MA West Springfield, MA Ludlow, MA Agawam, MA East Longmeadow, MA Holyoke, MA Wilbraham, MA Longmeadow, MA
    Three-Story Commercial Building with Bar
    Updated: Mar 5
    Three-Story Commercial Building with Bar

    21-23 Hampden Street, Springfield, MA 01103

    $450,000
    4,826 sqft
    Convenient access to I‑91 and Union Station intermodal facility.
    4,826 square feet of space on three levels plus a basement.
    Two‑story event space.
    Basement with a full kitchen.
    Located near a vibrant downtown district with businesses, art galleries, and eateries.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Springfield, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Creative Studio Space
    Creative Studio Space

    642 Hilliard Street Unit 1215, Manchester, CT 06042

    Contact for pricing
    1,800 sqft

    Second-floor commercial unit combining an office reception area with an expansive studio environment.

    View details
    Hilliard Mills Creative Space
    Hilliard Mills Creative Space

    642 Hilliard Street Unit 2220, Manchester, CT 06042

    Contact for pricing
    397 sqft

    Creative space available within Hilliard Mills.

    View details
    Historic Creative Space with Elevator
    Historic Creative Space with Elevator

    244 Main St, Northampton, MA 01060

    Contact for pricing
    16,980 sqft

    Flexible landmark property offers adaptable layouts, accessibility features, parking, and connections to downtown amenities.

    View details
    Modern Office Suite with Flexible Layout
    Modern Office Suite with Flexible Layout

    123 Hawley St, Northampton, MA 01060

    Contact for pricing

    Suite 8 offers an open, flexible office layout with natural light and immediate occupancy.

    View details

    Springfield, MA Creative Space Market Trends and Statistics

    Explore 1 creative space for sale in Springfield, MA on our real estate platform. These investment opportunities span a total of 4,826 square feet of properties for sale, with an estimated market value of $450,000.

    Sale prices for creative space in Springfield, MA average $450,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 120
    Office buildings 37
    Medical Office Space 32
    Coworking space 3
    Creative space 1

    Demographics Overview

    Population 171K
    Population Growth (5Y) +1.4%
    Median Household Income $60,860
    College Educated 19.9%

    Taxes & Financing

    Tax Rate (average for all types) 3.26%
    Property Tax per SF $40.45 per SF
    Tax Rate vs County Average 0.49 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hampden County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Springfield fall within the 10,000 to 25,000 square foot range.

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