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

    1021 Main St Springfield, MA 01103

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $649,000

    Retail store and vacant restaurant space in downtown Springfield.

    Property size:
    6,375 SF
    Lot size:
    0.23 Acres

    Property Features for 1021 Main St

    General Information

    Size
    6,375 SF
    Lot size
    0.23 Acres

    Source: BHHS - Realty Professionals | Feeding Hills Agent Rula Baki

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

    Overview

    Downtown Springfield Retail and Restaurant

    This property offers an opportunity to acquire a building in downtown Springfield. It features a currently rented retail store and vacant restaurant space. Investors can earn income from the existing tenant or explore new business ventures. Nearby amenities include the MGM Casino, MassMutual Center, Basketball Hall of Fame, museums, and highway access. The property can be purchased either as a combined package with another property or as a standalone property. The property size is 6,375 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    MexiRico Restaurant Latin American Restaurant Potco Cannabis Store BonjourKissy Shipping Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5843664
    Latitude
    42.0993605

    Nearby Similar for Sale

    • $299,900
      Pending

      Historic Tudor Multifamily with Updates

      Charming Tudor with modern updates and income potential.
      91-93 Mulberry St, Springfield, MA 01105
      View Details
    • $449,900
      Pending

      Springfield Three-Family with Upgrades

      Upgraded three-family property in Springfield, ideal for investors or owner-occupants.
      12 Prescott St, Springfield, MA 01108
      View Details
    • $425,000
      3,163 SF

      Turnkey Springfield Multifamily Property

      Two-family property in Springfield, MA, with long-term tenant and renovated unit.
      15 Malden St, Springfield, MA 01108
      View Details
    • $409,900
      2,791 SF

      Remodeled Springfield Two-Family Home

      Updated two-unit home with modern amenities, ideal for investors.
      25 Malden St, Springfield, MA 01108
      View Details
    • $279,900
      2,341 SF

      Springfield Two-Family Income Property

      Two-unit income property in Springfield, MA with recent renovations.
      49 Euclid Ave, Springfield, MA 01108
      View Details
    • $379,900
      Pending

      Updated Three-Family Investment Property

      Recently updated three-unit property with tenants in place in Springfield.
      31 Denton Cir, Springfield, MA 01104
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail store and vacant restaurant space in downtown Springfield.
    Where is this retail space located?
    The property is located at 1021 Main St Springfield, MA.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: - Prime downtown Springfield location.; - Income-generating retail tenant in place.; - Vacant restaurant space offers business venture potential.
    (413) 883-2406
    Request Owner's contact information
    1021 Main St Springfield, MA 01103
    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.
    1021 Main St
    Springfield, MA 01103
    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
    1021 Main St Springfield, MA 01103
    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.