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    1228-1242 Main St Springfield, MA 01103

    For Sale
    $1,350,000

    Vintage office building with retail units in Springfield's CBD.

    Property size:
    28,200 SF
    Lot size:
    0.20 Acres

    Property Features for 1228-1242 Main St

    General Information

    Size
    28,200 SF
    Lot size
    0.20 Acres

    Source: Jennings Real Estate Services Agent Kevin Jennings

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

    Overview

    Downtown Springfield Office/Retail Building

    This vintage office building is located in the Central Business District of downtown Springfield, situated on Main Street, directly across from the MassMutual Center and next to MGM Springfield. The City of Springfield is completing a multi-million dollar renovation of Court Square Park. The 28,200 square foot building features four leased ground floor retail units, while the upper floors house a mix of short-term and long-term office tenants. Numerous nearby properties are undergoing residential conversion. The property offers access to parking, highways, and the cultural and entertainment offerings of downtown Springfield.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm 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
    -72.5877776
    Latitude
    42.1010429

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    FAQs

    What type of property is this?
    Office building - Vintage office building with retail units in Springfield's CBD.
    Where is this office building located?
    The property is located at 1228-1242 Main St Springfield, MA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Prime location in Springfield's Central Business District, directly across from MassMutual Center and next to MGM Springfield.; - Four leased ground floor retail units PROVIDING IMMEDIATE INCOME.; - Diverse opportunities for future development due to nearby residential conversions.
    (413) 731-7770
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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
    1228-1242 Main St Springfield, MA 01103
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