Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    872 Main St Windham, CT 06226

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $500,000

    17,400+/- SF building suitable for redevelopment or entertainment venue.

    Property size:
    17,400 SF
    Lot size:
    0.26 Acres

    Property Features for 872 Main St

    General Information

    Standard status
    Active
    Size
    17,400 SF
    Lot size
    0.26 Acres

    Building Details

    Year built
    1955

    We can help!

    Listing Contact
    David Mieczynski
    David Mieczynski
    Source: Corcoran

    Listing Agency: National Realty Advisors LLC Listing Agent: David Mieczynski

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

    Learn more

    Overview

    Main Street Mixed-Use Redevelopment Opportunity

    This 17,400+/- square foot building is located on Main Street in Willimantic. The property is currently used as office space and presents a redevelopment opportunity for mixed-use purposes. The building's location benefits from its inclusion in an Opportunity Zone, Enterprise Zone, and Hub Zone. Originally constructed as a bowling alley, the building could be re-purposed as an entertainment venue, large retail showroom, health/fitness center, office space, medical facility, or multi-family housing. The property is situated across from a parking garage and is near the town office, Eastern Connecticut State University, and Windham Hospital.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Department Store Kitchen & Bath Showroom Food Market Travel Agency Plumbing Service Acupuncture Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Windham
    County
    Windham
    State
    Connecticut
    Longitude
    -72.05762
    Latitude
    41.79009

    Nearby Similar for Sale

    • New
      $309,000
      3,419 SF

      Turnkey Three-Family Investment Opportunity

      Fully leased three-family property generating $4,340 monthly income.
      26 Maple Ave, Windham, CT 06226
      View Details
    • New
      $285,900
      Pending

      Windham Multifamily with Rental Income

      Multifamily property near ECSU and UConn with rental potential.
      139 South St, Windham, CT 06226
      View Details
    • $450,000
      12,838 SF

      Main Street Commercial Building

      Downtown office or retail building in developing area for sale.
      757 Main St, Windham, CT 06226
      View Details
    • $500,000

      Main Street Mixed-Use Redevelopment

      17,400 SF mixed-use redevelopment opportunity in Willimantic.
      872 Main St, Windham, CT 06226
      View Details
    • $109,000

      Windham Commercial Space For Sale

      Flexible commercial space with functional area and beautiful details.
      361 S Windham Rd, Windham, CT 06226
      View Details
    • $399,900

      Windham Specialty Property For Sale

      Specialty property available for purchase in Windham, Connecticut.
      4 Jerusalem Rd, Windham, CT 06280
      View Details
    • $369,900

      Windham Specialty Property For Sale

      Specialty property available for purchase in Windham, Connecticut.
      41 Jennings Ln, Windham, CT 06280
      View Details
    • $395,000

      Two-Family Property on Two Acres

      Two-family property built in 1985 with two acres of land.
      127 Plains Rd, Windham, CT 06280
      View Details
    • $450,000

      Multi-Unit Property with Income Potential

      Well-maintained multi-unit property featuring three separate living spaces.
      4 Main St, Windham, CT 06226
      View Details
    • $369,900

      Windham Multifamily Property For Sale

      Multifamily property available for purchase in Windham, Connecticut.
      176 Windham Rd, Windham, CT 06226
      View Details
    • $3,500,000
      12,696 SF

      Office/Retail Building at Gateway Commons

      12,696 SF office/retail building for sale with highway access.
      1681 West Main St, Windham, CT 06226
      View Details
    • $2,500,000
      14,027 SF

      Retail/Office Building Near Route 6

      Centrally located retail/office building near major retailers and universities.
      1548 West Main St, Windham, CT 06226
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 17,400+/- SF building suitable for redevelopment or entertainment venue.
    Where is this mixed-use property located?
    The property is located at 872 Main St Windham, CT.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Redevelopment opportunity for mixed-use in a prime Main Street location.; - Located within Opportunity Zone, Enterprise Zone, and Hub Zone offering potential tax and financial benefits.; - Versatile building suitable for entertainment, retail, health/fitness, office, medical, or multi-family use.
    (877) 672-3847
    Request Owner's contact information
    872 Main St Windham, CT 06226
    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.
    872 Main St
    Windham, CT 06226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    872 Main St Windham, CT 06226
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Mieczynski
    David Mieczynski
    Real Estate License ID: REB.0788359
    (877) 672-3847 (860) 234-7435
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!