Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    120-126 Island Pond Rd Springfield, MA 01118

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $17 SF/Yr

    Retail suites and pad site available in revitalized shopping destination.

    Property size:
    16,506 SF
    Lot size:
    8.23 Acres

    Property Features for 120-126 Island Pond Rd

    General Information

    Size
    16,506 SF
    Lot size
    8.23 Acres

    Source: Jennings Real Estate Services Agent Kevin Jennings

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

    Overview

    Retail Plaza in East Forest

    Multiple retail leasing opportunities are available at a retail plaza in the East Forest Park neighborhood of Springfield. The plaza, recently purchased by one of its current tenants, is set to undergo reinvestment and revitalization, transforming it into a vibrant neighborhood shopping destination. Current tenants include Bank of America, Advanced Auto Parts, and Nathan Bill's Bar & Restaurant. A variety of suite sizes are available to accommodate a wide range of tenant requirements, including suites of 16,506 square feet, 4,200 square feet, and 2,090 square feet. A potential pad site is also under consideration. The 6.8-acre site is zoned Business B. With over 10,000 vehicles passing by daily on Island Pond Road, this plaza offers visibility and an opportunity to establish or grow your business in a thriving community.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.552017
    Latitude
    42.0970508

    Nearby Similar for Lease

    • $1,150 /Mo
      210 SF

      Downtown Springfield Office Space

      Professional office space in the heart of downtown Springfield.
      75 Market Pl, Springfield, MA
      View Details
    • $3,000 /Mo

      Versatile Commercial Space in Springfield

      1,683 sq ft commercial property ideal for various business uses.
      11 Front St, Springfield, MA 01151
      View Details
    • $17 SF/Yr
      2,062 SF

      Class A Office Tower Suites

      Downtown Springfield Class A office suites for lease.
      1441 Main St, Springfield, MA 01103
      View Details
    • $6 SF/Yr
      50,000 SF

      Functional Warehouse Space in Springfield

      50,000 SF warehouse with 12 docks, convenient highway access.
      100 Brookdale Dr, Springfield, MA 01104
      View Details
    • $9 SF/Yr
      5,711 SF

      Springfield MA Office Space

      Flexible Office Solutions in Springfield
      1500 Main St, Springfield, MA 01115
      View Details
    • Contact for pricing
      25,207 SF

      Lowe's Plaza: Springfield Retail Space

      Prime Springfield Retail Opportunity: 25,207 SF Available
      1522 Boston Rd, Springfield, MA 01129
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail suites and pad site available in revitalized shopping destination.
    Where is this strip mall located?
    The property is located at 120-126 Island Pond Rd Springfield, MA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Excellent location in Springfield’s East Forest Park neighborhood with high visibility (10,000+ daily vehicle count).; - Multiple retail leasing opportunities with various suite sizes available (16,506sf, 4,200sf, 2090sf).; - New ownership with significant reinvestment and revitalization plans for the plaza.
    (413) 731-7770
    Request Owner's contact information
    120-126 Island Pond Rd Springfield, MA 01118
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120-126 Island Pond Rd
    Springfield, MA 01118
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    120-126 Island Pond Rd Springfield, MA 01118
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.