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Neighborhood Strip Mall
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106-126 Island Pond Road, Springfield, MA 01118

Two available retail suites join established banking, automotive, and restaurant tenants along Island Pond Road.

Space Size2,100 SF - 5,000 SF
Property Size32,141 SF
Days on Market194

Property Features for 106-126 Island Pond Road

General Information

Standard status Active
Size 2,100 SF - 5,000 SF
Property subtype Strip Center

Additional Details

Space Use Retail
Anchor Co-Tenants Bank of America, Advanced Auto Parts, Nathan Bill’s Bar & Restaurant

Building Details

Building Size 32,141 SF
Year Built 1974
Tenancy Multi

Spaces For Lease

at 106-126 Island Pond Road Contact us

Unit 1

Size
5,000 SF
Lease Type
NNN
Contact us

Unit 3

Size
2,100 SF
Lease Type
NNN
Contact us
Listing Agency: Jennings Real Estate Services, Inc.
Listed By: Kevin Jennings · License #9039162
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 30 Last Checked: Aug 30 at 12:51AM

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 Jennings Real Estate Services, Inc.

Investment Insights

Based on property information with market context.

Built in 1974, this retail plaza offers two remaining leasing opportunities with suite configurations suited to different tenant requirements. Existing occupants include Bank of America, Advanced Auto Parts, and Nathan Bill’s Bar & Restaurant. A pad site is also under consideration as part of the property’s planned reinvestment and revitalization.

The plaza is located at 106-126 Island Pond Road in Springfield’s East Forest Park section. Island Pond Road carried over 10,000 vehicles daily in 2024, based on MassDOT data. The property serves an established neighborhood retail setting with banking, automotive, and restaurant uses already represented on site.

Key Highlights

  • Two retail leasing opportunities remain within the plaza
  • Existing tenants include Bank of America, Advanced Auto Parts, and Nathan Bill’s Bar & Restaurant
  • More than 10,000 vehicles travel Island Pond Road daily, based on 2024 MassDOT data

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center HVAC Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

509
Businesses Nearby
41k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 73% Home Improvements & Furnishings 24% Electronics 2%
Dollar Tree Shops & Services
13,724 visits/mo 0.1 miles
Rocky's Ace Hardware Home Improvements & Furnishings
9,906 visits/mo 0.1 miles
Citgo Shops & Services
5,117 visits/mo 0.4 miles
Bank of America Shops & Services
4,937 visits/mo 0.1 miles
Advance Auto Parts Shops & Services
3,726 visits/mo 0.2 miles

Demographics for 01118, MA

14,296
Population
5,787
Households
2.5
Avg Household Size
40
Median Age
30%
College-Educated
91%
High-School Grad
3.6 sq mi
ZIP Area
3,971
Density / Sq Mi
$80,906
Median Household Income
$48,486
Median Earnings
$1,220
Median Rent
$243,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Two available retail suites join established banking, automotive, and restaurant tenants along Island Pond Road.
Where is this strip mall located?
The property is located at 106-126 Island Pond Road Springfield, MA.
What are key features of this property?
This property features: Two retail leasing opportunities remain within the plaza; Existing tenants include Bank of America, Advanced Auto Parts, and Nathan Bill’s Bar & Restaurant; More than 10,000 vehicles travel Island Pond Road daily, based on 2024 MassDOT data
More about this property
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