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    1 Allen St Springfield, MA 01108

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    For Sale
    $2,950,000

    171,898 SF mixed-use mill building near downtown Springfield.

    Property size:
    171,898 SF

    Property Features for 1 Allen St

    General Information

    Size
    171,898 SF

    Building Details

    Year built
    1857

    Source: Jim Reardon Agent Jim Reardon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Mill Building Complex

    This historic mixed-use mill building complex offers 171,898 square feet of warehouse, manufacturing, and office space. Originally built in 1857 as part of the Springfield Armory, the property has been well-maintained and renovated. It features paved and ample parking. The complex is centrally located in the Six Corners neighborhood, approximately 1.5 miles from downtown Springfield and adjacent to Springfield College. Its location provides convenient access to I-91, I-291, and the Mass Pike. Westover Airport and Bradley International Airport are also nearby. The property presents a potential development opportunity and is approved for federal and state historic tax credits. It is also located in an opportunity zone, offering mixed-use possibilities including warehouse, manufacturing, retail, and office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    M & E Mechanical ... Mechanical Contractor Aero-Bond Corporation Aircraft Supply Store Bio-Catalytic Enterprises Inc Biotechnology Company L&G Signs & Designs ... Sign Shop Mainline Industries Inc Medical Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5622409
    Latitude
    42.096942

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    FAQs

    What type of property is this?
    Manufacturing property - 171,898 SF mixed-use mill building near downtown Springfield.
    Where is this manufacturing property located?
    The property is located at 1 Allen St Springfield, MA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Historic mill building complex with **171,898 SF of rentable space**, suitable for mixed-use including warehouse, manufacturing, retail, and office.; - Approved for federal and state historic tax credits.; - Located in an opportunity zone.
    (860) 508-2192
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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
    1 Allen St Springfield, MA 01108
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