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Fourth-Floor Office Suite

404-1365 Main St, Springfield, MA 01151

For Lease
$16 SF/Yr

A reception area and several private offices provide a practical layout for professional use.

Space Size900 SF
Days on Market21

Property Features for 404-1365 Main St

General Information

Standard status Active
Size 900 SF
Net Rentable 900 SF

Space & Availability

Available Space 900 SF
Contiguous Space 900 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: Nov 8 Last Checked: Nov 8 at 7:34AM

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
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Investment Insights

Based on property information with market context.

This fourth-floor office suite at Market Place contains approximately 900 SF, with a front reception area and several private offices. The space is available for lease and is arranged for office use.

Market Place is in downtown Springfield and includes retail, restaurant, and professional office tenants.

Key Highlights

  • Approximately 900 SF on the fourth floor
  • Front reception area with several private offices
  • Part of Market Place, a mixed retail, restaurant, and office property in downtown Springfield

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Cafe & Coffee Shop Parking Lot & Garage (Bike/Boat/Book/etc) Store Law Firm 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
$2.40 /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

$16.35 /SF/Yr
Avg Asking Price
$11–$24 /SF/Yr
Price Range
10,154 SF
Avg Space Size

This space is priced 2% below the average of $16.35 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Springfield, MA

$17.43 Jul
$17.52 Aug
$17.81 Sep
$16.46 Oct

Properties on Market for Office Units in Springfield

Jul
Aug
Sep
Oct

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 reception area and several private offices provide a practical layout for professional use.
Where is this office unit located?
The property is located at 404-1365 Main St Springfield, MA.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Approximately 900 SF on the fourth floor; Front reception area with several private offices; Part of Market Place, a mixed retail, restaurant, and office property in downtown Springfield
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