West Springfield Office Investment
For Sale
$2,100,000
217-241 Park Ave, West Springfield, MA 01089
Prime commercial real estate package with leaseback in downtown.
Property Size23,554 SF
Lot Size1.29 Acres
Days on Market265
Property Features for 217-241 Park Ave
General Information
Standard status
Active
Size
23,554 SF
Lot size
1.29 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$78,759
Building Details
Building Size
23,554 SF
Year Built
1974
Listing Agency:
Pioneer CRE
(413) 459-0570
Listed By:
Paul Bongiorni · License #9575704
(413) 459-0570
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 13
Last Checked: Aug 20 at 8:04AM
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
Investment Insights
Based on property information with market context.
This commercial real estate package in downtown West Springfield presents a unique investment opportunity. The sale includes a five-story office tower and a single-story office building, situated across four parcels. The Park Tower at 225 Park Ave. offers approximately 17,670 net square feet of office space across multiple floors. Features include a boardroom, several kitchens, and a two-lane drive-through ATM. KeyBank will lease back their existing first-floor branch, which was recently renovated, and a small portion of the third floor. Adjacent to the tower is a vacant, single-story commercial building at 229 Park Ave., offering approximately 5,884 square feet. This building could be suitable for a variety of uses. The property is located minutes from downtown Springfield, the Riverdale St./Rt. 5 retail corridor, the Big E, and area highways. The corner lot benefits from high traffic counts and visibility.
Key Highlights
- Prime commercial real estate package in downtown West Springfield.
- Leaseback opportunity with KeyBank for approximately 14% of the building area.
- Includes a 5‑story office tower with readily available, luxurious office space.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 01089, MA
28,835
Population
13,095
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
16.7 sq mi
ZIP Area
1,727
Density / Sq Mi
$70,401
Median Household Income
$43,186
Median Earnings
$1,121
Median Rent
$307,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Prime commercial real estate package with leaseback in downtown.
Where is this office building located?
The property is located at 217-241 Park Ave West Springfield, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Prime commercial real estate package in downtown West Springfield.; Leaseback opportunity with KeyBank for approximately 14% of the building area.; Includes a **5‑story office tower with readily available, luxurious office space**.
