Commercial Land
For Sale
$1,250,000
141 E Main St, Chicopee, MA 01020
Package offering includes the property at 17 Broadway St.
Property Size11,356 SF
Price / SF$110.07
Days on Market51
Property Features for 141 E Main St
General Information
Standard status
Active
Size
11,356 SF
Property subtype
Commercial
Building Details
Building Size
11,356 SF
Year Built
1940
Listing Agency:
Gallagher Real Estate
(877) 533-3539
Listed By:
Jeffrey OConnor
(413) 427-9225
Source:
Iverty
Added: Aug 19
Changed: Oct 7
Last Checked: Oct 7 at 1:38PM
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 Gallagher Real Estate
Investment Insights
Based on property information with market context.
This commercial land offering is located at 141 E Main St in Chicopee, Massachusetts. The package includes the property at 17 Broadway St, creating a multi-property offering within the same transaction. The record identifies the asset as commercial land and notes a 1940 year built.
The property is situated on E Main St in an area characterized by limited walkability and moderate transit availability. WalkScore is 17, BikeScore is 22, and TransitScore is 49. An additional property at 155 E Main St is referenced as a possible way to expand the overall footprint, though it is not described as part of the package.
The property is situated on E Main St in an area characterized by limited walkability and moderate transit availability. WalkScore is 17, BikeScore is 22, and TransitScore is 49. An additional property at 155 E Main St is referenced as a possible way to expand the overall footprint, though it is not described as part of the package.
Key Highlights
- Commercial land at 141 E Main St, Chicopee, MA 01020
- Package includes the property at 17 Broadway St
- Additional property at 155 E Main St is referenced for a larger footprint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,649
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,980
$1.2M
Cap Rate 7%
$866,414
$866.4K
Cap Rate 9%
$673,878
$673.9K
Market Conditions
NOI Build-Up for 11,356 SF
Gross rent
$92.7K $8.16/SF
− Vacancy
−$6.0K −$0.53/SF
EGI
$86.6K $7.63/SF
− OpEx
−$26.0K −$2.29/SF
NOI
$60.6K $5.34/SF
Area
Hampden County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,980
Cap Rate 7%
$866,414
Cap Rate 9%
$673,878
Alternative Uses
Best Use
Retail
$2.67M
$2.33M – $3.11M
NOI $186,584 @ 7.0% cap · market cap 14.93%
Second Best
Specialty Retail
$2.10M
$1.84M – $2.45M
NOI $146,867 @ 7.0% cap · market cap 11.75%
Theoretical Best
Office A
$7.00M
$6.12M – $8.17M
NOI $489,925 @ 7.0% cap · market cap 39.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
Dunkin' Donuts
Dining
8,886 visits/mo
0.4 miles
Shell
Shops & Services
5,700 visits/mo
0.3 miles
Jackson Hewitt Tax Service
Shops & Services
344 visits/mo
0.1 miles
Demographics for 01020, MA
29,781
Population
14,154
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
2,382
Density / Sq Mi
$70,971
Median Household Income
$45,378
Median Earnings
$1,153
Median Rent
$259,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Commercial land - Package offering includes the property at 17 Broadway St.
Where is this commercial land located?
The property is located at 141 E Main St Chicopee, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Commercial land at 141 E Main St, Chicopee, MA 01020; Package includes the property at 17 Broadway St; Additional property at 155 E Main St is referenced for a larger footprint
