Retail Property in Springfield,
For Sale
Contact for pricing
1027 E Columbus Ave, Springfield, MA
Retail property for sale in a high-traffic Springfield location.
Property Size2,442 SF
Lot Size0.12 Acres
Price / SF$202.70
Days on Market485
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) 415-1200
Listed By:
Ben Bolotin · License #9582125
(413) 530-3215
Source:
Moodyscre
Added: Jun 9, 2025
Changed: Oct 6
Last Checked: Oct 5 at 7:42PM
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
Estimated NOI and Cap Rate
NOI / Yr
$28,308
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,160
$566.2K
Cap Rate 7%
$404,400
$404.4K
Cap Rate 9%
$314,533
$314.5K
Market Conditions
NOI Build-Up for 2,442 SF
Gross rent
$44.0K $18.00/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$40.4K $16.56/SF
− OpEx
−$12.1K −$4.97/SF
NOI
$28.3K $11.59/SF
Area
Springfield, MA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,160
Cap Rate 7%
$404,400
Cap Rate 9%
$314,533
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,902
Businesses Nearby
146k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Leisure 15%
Shops & Services 14%
Hotels & Casinos 7%
McDonald's
Dining
28,284 visits/mo
0.4 miles
Regal MGM Springfield
Leisure
22,010 visits/mo
0.2 miles
Starbucks
Dining
18,583 visits/mo
0.1 miles
Burger King
Dining
16,461 visits/mo
0.2 miles
Dunkin' Donuts
Dining
11,451 visits/mo
0.2 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
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.
