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Three-Story Commercial Building with Bar
For Sale
$450,000

21-23 Hampden Street, Springfield, MA 01103

4,826 SF commercial building with bar, event space, kitchen.

Property Size4,826 SF
Price / SF$93.24
Days on Market160

Property Features for 21-23 Hampden Street

General Information

Standard status Active
Size 4,826 SF
Class C
Property subtype Office

Building Details

Building Size 4,826 SF
Year Built 1900
Listing Agency:
Listed By: William Low, Jr.
Source: Lowpicard
Added: Mar 5 Changed: Aug 12 Last Checked: Aug 12 at 10:23AM

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 William Low, Jr.

Investment Insights

Based on property information with market context.

The property at 21-23 Hampden Street features 4,826 square feet across three levels. The first floor contains a bar, and the second floor offers an event space. The third floor, previously used as an entertainment venue, includes a stage. A full kitchen and storage are located in the basement. The property is situated a few blocks from I-91 and the Union Station intermodal facility. The surrounding downtown district includes businesses, art galleries, and eateries. The area is accessible to major highways and public transportation, attracting professionals seeking office spaces, creative spaces, or lofts. The bar is currently leased on a short-term basis. The property is a two-story event space with a basement kitchen.

Key Highlights

  • Convenient access to I‑91 and Union Station intermodal facility.
  • 4,826 square feet of space on three levels plus a basement.
  • Two‑story event space.

Property Analytics

Current Use

Creative space

Suggested Use

Top Pick Furniture & Home Goods Veterinary Clinic Garden Center Storage Facility Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

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

3,222
Businesses Nearby

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

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
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Frequently Asked Questions

What type of property is this?
Creative space - 4,826 SF commercial building with bar, event space, kitchen.
Where is this creative space located?
The property is located at 21-23 Hampden Street Springfield, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Convenient access to I‑91 and Union Station intermodal facility.; 4,826 square feet of space on three levels plus a basement.; Two‑story event space.
More about this property
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