Building Details

Year Built 1955

Listing Agency: Pioneer CRE p***@pioneer-cre.com Show Phone

Listed By: Paul Bongiorni · License #9575704 Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Jul 10 Last Checked: Aug 20 at 10:39AM

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Investment Insights

Based on property information with market context.

This freestanding office building is located on the corner of Park Avenue and Western Avenue in West Springfield. The property offers good visibility on busy Park Avenue and is adjacent to the prominent Park Tower. Its location provides convenient access to downtown Springfield, the Riverdale Street retail and shopping centers, and area highways. The property has many usage possibilities.

Key Highlights

• Freestanding office building on corner lot.
• High visibility location on busy Park Avenue.
• Many usage possibilities.

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Skin Care Clinic Storage Facility Furniture & Home Goods Restaurant Spa & Massage Center

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

Lease Details

NNN (Triple Net)

Lease Type

$1.35 /SF/Yr

CAM

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

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?

Office building - Freestanding office building with high visibility in West Springfield.

Where is this office building located?

The property is located at 229 Park Ave West Springfield, MA.

What is the lease rate?

The lease rate is $9 SF/Yr.

What are key features of this property?

This property features: Freestanding office building on corner lot.; High visibility location on busy Park Avenue.; Many usage possibilities.