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    104-108 Grove St Worcester, MA 01612

    For Lease
    $21 SF/Yr ($14,000 /Mo)

    Office spaces available in a historically rich, growing area.

    Property size:
    8,000 SF
    Lot size:
    0.64 Acres

    Property Features for 104-108 Grove St

    General Information

    Size
    8,000 SF
    Lot size
    0.64 Acres

    Source: NAI Glickman Kovago & Jacobs Agent Michael C. Jacobs

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

    Overview

    Office Space Near Institute Park

    Located moments from downtown and directly across from Institute Park, 108 Grove Street offers office spaces with immediate access to Route 290 and other major roads. This area of the city is experiencing rapid growth, attracting new businesses. The property is near WPI, which features newly constructed offices, lab spaces, and research centers. A Courtyard by Marriott is located less than two blocks away. The Northwards Restaurant is in the building, offering lunch and dinner options. Spaces range from approximately 1,000 square feet to over 3,500 square feet, with the potential for reconfiguration into custom sizes. The property combines modern business amenities with the historical ambiance of its original mill building design.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm 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
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.801009
    Latitude
    42.2764489

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    FAQs

    What type of property is this?
    Office space - Office spaces available in a historically rich, growing area.
    Where is this office space located?
    The property is located at 104-108 Grove St Worcester, MA.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Prime location seconds from downtown and directly across from Institute Park.; - Direct access to Rte. 290 and major roads.; - Located in the fastest growing section of the city with new businesses.
    (508) 753-9100
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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
    104-108 Grove St Worcester, MA 01612
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