Historic Downtown Bar Restaurant
For Sale
Contact for pricing
1252 Main St, Springfield, MA 01103
First-floor space under renovation and built out as a bar/restaurant with exposed brick and architectural detail.
Property Size1,473 SF
Price / SF$0.03
Days on Market97
Property Features for 1252 Main St
General Information
Standard status
Active
Size
1,473 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1880
Listing Agency:
Pioneer CRE
(413) 312-9299
Listed By:
Paul Bongiorni · License #9575704
(413) 459-0570
Source:
Lockandkeyre
Added: Jul 16
Changed: Oct 19
Last Checked: Oct 19 at 9:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pioneer CRE
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Investment Insights
Based on property information with market context.
First-floor commercial space is available for lease within the historic 1252 Main building in downtown Springfield. The space is currently under renovation and is being built out as a bar/restaurant. Interior character includes exposed brick and architectural detail throughout, offering a distinctive setting for food and drink service.
The building is positioned next to Court Square and across from City Hall, Symphony Hall, One Financial Plaza, and the MassMutual Center. It is also adjacent to ThirtyOne Elm, a recently completed mixed-use redevelopment project. Visibility and exposure are supported by event-driven foot traffic in the Court Square and MassMutual Center area.
Additional accessibility is highlighted by proximity to I-91, along with nearby regional draws including MGM Casino and the Basketball Hall of Fame, supporting consistent visitor flow throughout the year.
The building is positioned next to Court Square and across from City Hall, Symphony Hall, One Financial Plaza, and the MassMutual Center. It is also adjacent to ThirtyOne Elm, a recently completed mixed-use redevelopment project. Visibility and exposure are supported by event-driven foot traffic in the Court Square and MassMutual Center area.
Additional accessibility is highlighted by proximity to I-91, along with nearby regional draws including MGM Casino and the Basketball Hall of Fame, supporting consistent visitor flow throughout the year.
Key Highlights
- Historic 1880 building, 1252 Main, with first‑floor commercial space for lease
- Under renovation and being built out as a bar/restaurant
- Features exposed brick and architectural detail throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,726
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,520
$394.5K
Cap Rate 7%
$281,800
$281.8K
Cap Rate 9%
$219,178
$219.2K
Market Conditions
NOI Build-Up for 1,473 SF
Gross rent
$28.3K $19.20/SF
− Vacancy
−$2.0K −$1.34/SF
EGI
$26.3K $17.86/SF
− OpEx
−$6.6K −$4.46/SF
NOI
$19.7K $13.39/SF
Area
Springfield, MA
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,520
Cap Rate 7%
$281,800
Cap Rate 9%
$219,178
Alternative Uses
Best Use
Specialty Retail
$281.8K
$246.6K – $328.8K
NOI $19,726 @ 7.0% cap · market cap 40,257.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.0K
$350.0K – $466.7K
NOI $27,999 @ 7.0% cap · market cap 57,140.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,758
Businesses Nearby
93k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Leisure 24%
Shops & Services 13%
Hotels & Casinos 4%
Regal MGM Springfield
Leisure
22,010 visits/mo
0.2 miles
Starbucks
Dining
18,583 visits/mo
0.4 miles
Burger King
Dining
16,461 visits/mo
0.2 miles
Dunkin' Donuts
Dining
11,451 visits/mo
0.4 miles
Wahlburgers
Dining
9,084 visits/mo
0.2 miles
Demographics for 01103, MA
2,545
Population
1,728
Households
1.5
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
0.4 sq mi
ZIP Area
6,363
Density / Sq Mi
$21,458
Median Household Income
$38,156
Median Earnings
$1,053
Median Rent
$148,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- South End Package Store — 32 Fort Pleasant Ave, Springfield, MA 01108
- Plan b Springfield — 1000 W Columbus Ave, Springfield, MA 01105
- Top Shelf — 1011 E Columbus Ave, Springfield, MA 01105
- TAP Sports Bar — 1 MGM Wy, Springfield, MA 01103
- Lobby Bar — MGM Springfield, 1 MGM Wy, Springfield, MA 01103
Frequently Asked Questions
What type of property is this?
Bar & Pub - First-floor space under renovation and built out as a bar/restaurant with exposed brick and architectural detail.
Where is this bar & pub located?
The property is located at 1252 Main St Springfield, MA.
What are key features of this property?
This property features: Historic 1880 building, 1252 Main, with first‑floor commercial space for lease; Under renovation and being built out as a bar/restaurant; Features exposed brick and architectural detail throughout
