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    988 Main St Springfield, MA 01105

    For Sale
    $895,000

    Prime location near MGM Casino with high visibility and foot traffic.

    Lot size:
    0.11 Acres

    Property Features for 988 Main St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1890

    Source: Berkshire Hathaway HomeServices Realty Professionals Agent Paul Zingarelli

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

    Overview

    Iconic Corner Property in Springfield

    This iconic corner property, located at the intersection of Main Street and Union Street in Springfield, Massachusetts, is currently home to Milano Imported Fine Foods, Inc. The property is situated in a dynamic commercial hub, steps away from the MGM Casino and outdoor concert venues, and in close proximity to the Mass Mutual Center. The location benefits from high visibility and foot traffic, with easy access to I-91. The property features two storefronts, an upper-level residential opportunity, and a parking lot. It is suitable for diverse ventures and presents a perfect franchise opportunity, as well as the potential for residential leasing on the second floor. This property offers an opportunity to invest in a piece of Springfield's legacy.
    Insight Report Location Intelligence

    Current Use by Public Records

    Milano Importing Italian 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

    Plaza Super Market, Southend Supermarket Inc, People's Supermarket, Latino's Cuisine Supermarket, La Zona Supermarket

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5844039
    Latitude
    42.0988319

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    FAQs

    What type of property is this?
    Grocery and convenience store - Prime location near MGM Casino with high visibility and foot traffic.
    Where is this grocery and convenience store located?
    The property is located at 988 Main St Springfield, MA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Prime corner location at Main Street and Union Street offering high visibility and foot traffic.; - Home to established business, Milano Imported Fine Foods, Inc., a community cornerstone.; - Includes two storefronts, an upper-level residential opportunity, and a parking lot.
    (413) 246-9982
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    Springfield, MA 01105
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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
    988 Main St Springfield, MA 01105
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