Retail Property in Springfield,
1027 E Columbus Ave Springfield, MA
For Sale
Contact for pricing
Retail property for sale in a high-traffic Springfield location.
Property Size2,442 SF
Lot Size0.12 Acres
Price / SF$202.70
Days on Market413
Property Features for 1027 E Columbus Ave
General Information
- Standard status
- Active
- Size
- 2,442 SF
- Lot size
- 0.12 Acres
- Property subtype
- RETAIL
Listing Agency:
Region Commercial
(413) 530-3215
Listed By:
Ben Bolotin · License #MA 9582125
(413) 530-3215
Source:
Moodyscre
Added: Jun 9, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Region Commercial
Investment Insights
Based on property information with market context.
The property at 1027 East Columbus Avenue in Springfield, MA, is available for sale. Situated on approximately 0.25 acres, the property encompasses around 2,442 square feet. It is located just south of downtown Springfield along the East Columbus Avenue corridor, a key arterial route offering direct access to I-91 and Route 83. This high-traffic area provides signage opportunities and connectivity, and is located minutes from Union Station, MGM Springfield, and the MassMutual Center. The site is positioned within a mixed commercial and institutional area, near municipal buildings, legal offices, and local retailers.
Key Highlights
- High‑visibility location on East Columbus Avenue corridor.
- Direct access to I‑91 and Route 83.
- Proximity to Union Station, MGM Springfield, and MassMutual Center.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.0k | $18.00 |
| − Vacancy | −$3.5k | −$1.44 |
| EGI | $40.4k | $16.56 |
| − OpEx | −$12.1k | −$4.97 |
| NOI | $28.3k | $11.59 |
2,442 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$404.4K
$353.9K – $471.8K
NOI $28,308 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.1K
$580.2K – $773.6K
NOI $46,418 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jeff's Picture Framing
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Retail space - Retail property for sale in a high-traffic Springfield location.
Where is this retail space located?
The property is located at 1027 E Columbus Ave Springfield, MA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: High‑visibility location on East Columbus Avenue corridor.; Direct access to I‑91 and Route 83.; Proximity to Union Station, MGM Springfield, and MassMutual Center.
