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    2942-2946 Main St Springfield, MA 01107

    For Sale
    $900,000

    Fully occupied mixed-use building with commercial and residential units.

    Lot size:
    0.14 Acres

    Property Features for 2942-2946 Main St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1908

    Source: First Place Realty Agent Stephen Byrne

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

    Overview

    Mixed-Use Building with Residential Units

    This well-maintained, fully occupied brick mixed-use building features one commercial unit and nine residential units, all of which are lead compliant. Additional features include newer porches and windows. A new Carlisle roof is being installed in July 2022. The high-efficiency heating system is approximately 5 years old. Tenants are responsible for their own electric bills. The property is located in an economic opportunity zone and is close to all downtown amenities.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -72.6079026
    Latitude
    42.1183246

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    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied mixed-use building with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 2942-2946 Main St Springfield, MA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Fully occupied mixed-use brick building with 9 residential and 1 commercial unit.; - New Carlisle roof being installed July 2022.; - Located in an economic opportunity zone.
    (413) 537-3518
    Request Owner's contact information
    2942-2946 Main St Springfield, MA 01107
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    Springfield, MA 01107
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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
    2942-2946 Main St Springfield, MA 01107
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