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Fourth-Floor Office Suite
New
For Lease
$14 SF/Yr

401-1365 Main St, Springfield, MA 01151

A multi-room workspace with open areas and a kitchenette supports varied office layouts.

Space Size2,125 SF
Days on Market6

Property Features for 401-1365 Main St

General Information

Standard status Active
Size 2,125 SF
Net Rentable 2,125 SF

Space & Availability

Available Space 2,125 SF
Contiguous Space 2,125 SF
Floor 4
Space Use Office

Site & Location

Neighborhood Indian Orchard

Taxes and HOA fees

Annual Taxes $27,188
Listing Agency: Pioneer CRE
Listed By: Paul Bongiorni · License #9575704
Source: Exprealty
Added: Oct 20 Changed: Oct 25 Last Checked: Oct 25 at 2:36AM

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 Pioneer CRE

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This fourth-floor office suite at Market Place provides approximately 2,125 SF arranged across multiple rooms and open areas, with a small kitchenette. Large windows bring in daylight and overlook Market Street.

Market Place is in downtown Springfield and combines retail, restaurant, and professional office tenants. The suite is available for lease within the building.

Key Highlights

  • Approximately 2,125 SF on the fourth floor
  • Multiple rooms and open areas
  • Small kitchenette area

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Cafe & Coffee Shop Parking Lot & Garage Law Firm (Bike/Boat/Book/etc) Store Tanning Salon Acupuncture

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

675
Businesses Nearby

Demographics for 01151, MA

9,150
Population
3,959
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
77%
High-School Grad
2.4 sq mi
ZIP Area
3,813
Density / Sq Mi
$57,113
Median Household Income
$39,117
Median Earnings
$1,239
Median Rent
$219,800
Median Home Value

Market

Lease Benchmarks for Springfield, MA

$17.52 /SF/Yr
Avg Asking Price
$11–$24 /SF/Yr
Price Range
13,098 SF
Avg Space Size

This space is priced 20% below the average of $17.52 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office unit - A multi-room workspace with open areas and a kitchenette supports varied office layouts.
Where is this office unit located?
The property is located at 401-1365 Main St Springfield, MA.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Approximately 2,125 SF on the fourth floor; Multiple rooms and open areas; Small kitchenette area
More about this property
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