Retail Space with Private
For Sale
Contact for pricing
1341 Main St # rear, Springfield, MA 01103
B3-zoned space in a downtown complex with direct access from Market Street.
Property Size1,556 SF
Price / SF$0.01
Days on Market396
Property Features for 1341 Main St # rear
General Information
Standard status
Active
Size
1,556 SF
Property subtype
Commercial
Zoning
B3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$14,637
Building Details
Building Size
1,556 SF
Year Built
1959
Listing Agency:
Pioneer CRE
(413) 312-9299
Listed By:
Paul Bongiorni · License #9575704
(413) 459-0570
Source:
Churchillprop
Added: Sep 18, 2025
Changed: Oct 6
Last Checked: Oct 16 at 7:36AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space comprises approximately 1,556 square feet within the Market Place complex. A private entrance on Market Street provides dedicated access to the premises, and the property carries B3 zoning. The building dates to 1959.
The property is positioned at Main and Market Streets in downtown Springfield, across from the MassMutual Center and the Convention Center Carpark. Its central setting places the space within an established downtown commercial environment.
The property is positioned at Main and Market Streets in downtown Springfield, across from the MassMutual Center and the Convention Center Carpark. Its central setting places the space within an established downtown commercial environment.
Key Highlights
- Approximately 1,556 SF of retail space
- Private entrance on Market Street
- B3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,037
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,740
$360.7K
Cap Rate 7%
$257,671
$257.7K
Cap Rate 9%
$200,411
$200.4K
Market Conditions
NOI Build-Up for 1,556 SF
Gross rent
$28.0K $18.00/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$25.8K $16.56/SF
− OpEx
−$7.7K −$4.97/SF
NOI
$18.0K $11.59/SF
Area
Springfield, MA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,740
Cap Rate 7%
$257,671
Cap Rate 9%
$200,411
Alternative Uses
Best Use
Retail
$257.7K
$225.5K – $300.6K
NOI $18,037 @ 7.0% cap · market cap 120,246.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.5K
$369.7K – $492.9K
NOI $29,576 @ 7.0% cap · market cap 197,173.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,829
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Leisure 35%
Shops & Services 19%
Hotels & Casinos 6%
Regal MGM Springfield
Leisure
22,010 visits/mo
0.3 miles
Burger King
Dining
16,461 visits/mo
0.4 miles
Wahlburgers
Dining
9,084 visits/mo
0.3 miles
Citizens Bank
Shops & Services
4,520 visits/mo
0.4 miles
M&T Bank
Shops & Services
3,717 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - B3-zoned space in a downtown complex with direct access from Market Street.
Where is this retail space located?
The property is located at 1341 Main St # rear Springfield, MA.
What are key features of this property?
This property features: Approximately 1,556 SF of retail space; Private entrance on Market Street; B3 zoning
