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    982 Main St Springfield, MA 01103

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    For Sale
    $649,000

    Two Main Street properties with established tenants and parking.

    Property size:
    4,590 SF
    Lot size:
    0.08 Acres

    Property Features for 982 Main St

    General Information

    Size
    4,590 SF
    Lot size
    0.08 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

    Springfield Retail Investment Opportunity

    Located in downtown Springfield, known as the birthplace of basketball and the hometown of Dr. Seuss, this property offers an investment opportunity with immediate income. The property includes 982 Main Street and 974-976 Main Street, currently occupied by three established tenants. The location is near the MassMutual Center, a casino, hotels, and shopping centers, with convenient highway access. The property also includes two parcels of land on Wilcox Street, designated for parking, with a combined area of approximately 6,098 square feet. The building size is 4,590 square feet. Additionally, 1021 Main Street is also for sale and can be purchased as a package or separately.
    Insight Report Location Intelligence

    Current Use by Public Records

    D'SPOT Carrucini's Latin ... Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Langone's Florist, Kathryn Kirby Wreath Studio, Amar Flowers | Flower Delivery Springfield MA

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5843235
    Latitude
    42.0987416

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    FAQs

    What type of property is this?
    Storefront property - Two Main Street properties with established tenants and parking.
    Where is this storefront property located?
    The property is located at 982 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: - Opportunity to acquire two properties on Main Street.; - Immediate income from three established tenants.; - Prime location in downtown Springfield, a vibrant and growing area.
    (413) 883-2406
    Request Owner's contact information
    982 Main St Springfield, MA 01103
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    Springfield, MA 01103
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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
    982 Main St Springfield, MA 01103
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