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Commercial Space on Busy Corner
For Sale
$250,000

1847 Memorial Dr, Chicopee, MA 01020

Three-story commercial building with offices, retail space, and parking.

Days on Market97

Property Features for 1847 Memorial Dr

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1987
Listing Agency: Berkshire Hathaway HomeServices Realty Professionals
Listed By: Kimberly Allen Team
Source: Liongatere
Added: Apr 25 Changed: Jul 10 Last Checked: Jul 23 at 6:36AM

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 Berkshire Hathaway HomeServices Realty Professionals

Investment Insights

Based on property information with market context.

This commercial building, constructed in 1987, offers a versatile space suitable for office or retail use. Located on a busy corner, the three-story structure features multiple updates and contains over 10 offices and open spaces. The building is equipped with three heating and cooling units and two electric panels. A kitchenette is located on the second floor. The property includes ample off-street parking and prominent signage. The owner may consider holding a mortgage for a qualified investor with a credit score of 700 or higher.

Key Highlights

  • High‑traffic corner location on Memorial Ave with huge signage opportunity
  • Large commercial space suitable for office or retail with 10+ offices and open spaces
  • Priced below assessed value

Property Analytics

Current Use

Bill Wisniewski Practice Consultant Knights of Columbus Insurance ... Insurance Agency Five College Area ... Real Estate Agency

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Electrical Service Skin Care Clinic Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

325
Businesses Nearby

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Three-story commercial building with offices, retail space, and parking.
Where is this office building located?
The property is located at 1847 Memorial Dr Chicopee, MA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: High‑traffic corner location on Memorial Ave with huge signage opportunity; Large commercial space suitable for office or retail with 10+ offices and open spaces; Priced below assessed value
More about this property
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