Mixed-Use Building with Streetfront
For Sale
$225,000
27 Main St, Chester, MA 01011
Street-level storefront with hardwood floors and industrial wash basins, paired with residential space above for a mixed-use setup.
Property Size1,290 SF
Price / SF$174.42
Days on Market139
Property Features for 27 Main St
General Information
Standard status
Active
Size
1,290 SF
Zoning
B
Taxes and HOA fees
Annual Taxes
$3,874
Building Details
Year Built
1900
Listing Agency:
SR Commercial Realty
Listed By:
Jeremy Casey · License #9585695
(413) 750-8040
Source:
413realestate
Added: Jun 5
Changed: Oct 10
Last Checked: Oct 20 at 6:01PM
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 SR Commercial Realty
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Investment Insights
Based on property information with market context.
This mixed-use building combines a street-level commercial storefront with a residential unit above. The available commercial space is approximately 1,290 SF and is set up for tenant use with hardwood flooring and track lighting. A dedicated rear work area includes industrial wash basins, which can support a variety of service-oriented retail and light production workflows.
The property is located on a corner along Main Street in Chester, providing storefront presence at street level. The building’s design supports both commercial activity and day-to-day residential use within a single structure.
For tenants looking for a storefront with an efficient back-of-house work area, the included wash basins and dedicated rear space are practical for operations that benefit from separating customer-facing areas from work areas. The layout also suits users who want a mixed-use environment under one roof, where the residential unit above can complement ongoing street-level activity. Additional details are available upon request.
The property is located on a corner along Main Street in Chester, providing storefront presence at street level. The building’s design supports both commercial activity and day-to-day residential use within a single structure.
For tenants looking for a storefront with an efficient back-of-house work area, the included wash basins and dedicated rear space are practical for operations that benefit from separating customer-facing areas from work areas. The layout also suits users who want a mixed-use environment under one roof, where the residential unit above can complement ongoing street-level activity. Additional details are available upon request.
Key Highlights
- Mixed‑use building with street‑level commercial storefront and a residential unit above
- 1,290 SF commercial space available for lease
- Commercial space features hardwood flooring and track lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,061
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,220
$261.2K
Cap Rate 7%
$186,586
$186.6K
Cap Rate 9%
$145,122
$145.1K
Market Conditions
NOI Build-Up for 1,290 SF
Gross rent
$23.2K $18.00/SF
− Vacancy
−$2.3K −$1.80/SF
EGI
$20.9K $16.20/SF
− OpEx
−$7.8K −$6.07/SF
NOI
$13.1K $10.13/SF
Area
Hampden County, MA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,220
Cap Rate 7%
$186,586
Cap Rate 9%
$145,122
Alternative Uses
Best Use
Office B
$584.7K
$511.7K – $682.2K
NOI $40,932 @ 7.0% cap · market cap 18.19%
Second Best
Retail
$302.8K
$264.9K – $353.3K
NOI $21,195 @ 7.0% cap · market cap 9.42%
Theoretical Best
Office A
$795.1K
$695.7K – $927.6K
NOI $55,654 @ 7.0% cap · market cap 24.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
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Business Placement
Demographics for 01011, MA
1,201
Population
622
Households
1.9
Avg Household Size
50
Median Age
23%
College-Educated
96%
High-School Grad
32.8 sq mi
ZIP Area
37
Density / Sq Mi
$87,012
Median Household Income
$45,242
Median Earnings
$1,134
Median Rent
$280,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level storefront with hardwood floors and industrial wash basins, paired with residential space above for a mixed-use setup.
Where is this mixed-use property located?
The property is located at 27 Main St Chester, MA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Mixed‑use building with street‑level commercial storefront and a residential unit above; 1,290 SF commercial space available for lease; Commercial space features hardwood flooring and track lighting
