1027 E Columbus Ave, Springfield, MA
Retail property for sale in a high-traffic Springfield location.
- Added:
- Jun 9, 2025
- Days on Market:
- 368
- Last Refresh:
- May 20 at 9:16 pm
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 agent Ben Bolotin License #MA 9582125 (413) 530-3215
Listing office Region Commercial (413) 530-3215
Listing date Jun 9, 2025
Source Moodyscre
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
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.
- Located in a mixed commercial and institutional area.
- Excellent signage opportunities.
- Property size: Approximately 2,442 square feet on .25 acres.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.5841
- Latitude
- 42.0952
