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    Main St Springfield, MA 01151

    Sponsored
    For Sale
    $799,900

    High-Return Multi-Family & Commercial Property

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    Attention investors! This exceptional mixed-use property, situated on Main Street in Springfield's Indian Orchard neighborhood, presents a lucrative investment opportunity. The 0.31-acre lot encompasses a substantial multi-family residential component and a thriving commercial sector. The residential units are generously sized. One unit boasts two bedrooms, a living room, kitchen, and a full bathroom. A second unit offers six bedrooms, a living room, kitchen, and a full bathroom. A third unit includes four bedrooms, a spacious living room, kitchen, and bathroom. Additionally, a separate single-family home on the property features two bedrooms, a living room, kitchen, full bathroom, and two garages. The commercial aspect of the property is equally impressive, featuring five street-level storefronts, each equipped with its own independent heating and electrical systems. Each storefront also benefits from a dedicated basement providing ample storage space. A large warehouse is located at the rear of the property, further enhancing its commercial potential. This property's combination of substantial residential rental income and diverse commercial opportunities makes it an exceptional investment prospect. The high demand for this type of property ensures a swift sale. Serious inquiries are encouraged to schedule a private showing.

    Property Features for Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1900
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.51039
    Latitude
    42.16012

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    FAQs

    What type of property is this?
    Commercial real estate - High-Return Multi-Family & Commercial Property
    Where is this commercial real estate located?
    The property is located at Main St Springfield, MA.
    What is the asking price?
    The asking price for this property is $799,900.
    (413) 282-8080
    Request Owner's contact information
    Main St Springfield, MA 01151
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Main St Springfield, MA 01151
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