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Medical Office with Basement
For Lease
$1,500/Mo

688 Prospect Street, Chicopee, MA 01020

Office suite includes a main work area, private office, full bath, kitchen, and additional usable basement space.

Space SizeContact for details
Days on Market103

Property Features for 688 Prospect Street

General Information

Standard status Active

Building Details

Year Built 1950
Listing Agency: ERA M Connie Laplante Real Estate
Listed By: Erin Houle
Source: Fivecollegerealtors
Added: May 25 Changed: Sep 2 Last Checked: Sep 4 at 10:07AM

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 ERA M Connie Laplante Real Estate

Investment Insights

Based on property information with market context.

This commercial space is configured with a large main work area plus a separate room for a private office. The unit also includes a full bathroom and a kitchen area for a breakroom. In addition, the basement is described as all usable space, providing extra interior area for operations.

The property is located in the Fairview section of Chicopee on a busy road, offering visibility close to Memorial Drive.

Suitable for a range of office and treatment-oriented uses, the layout supports front-of-suite work in the main area while keeping administrative or consult functions contained in the separate office room. The additional usable basement space further expands practical rooming options within the same suite.

Key Highlights

  • Commercial office suite with a main work area plus a separate private office
  • Includes a full bathroom and a kitchen/breakroom area
  • Finished/usable basement space provides additional usable square footage

Property Analytics

Current Use

D,c, Property Management Corporate Office

Suggested Use

Top Pick Law Firm Real Estate Agency Bakery Gym & Fitness Center (Bike/Boat/Book/etc) Store Auto Parts Store

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
$2.81 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

274
Businesses Nearby
Under-served
Demand for This Use

Demographics for 01020, MA

29,781
Population
14,154
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
2,382
Density / Sq Mi
$70,971
Median Household Income
$45,378
Median Earnings
$1,153
Median Rent
$259,100
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
Rey
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Similar Off Market Nearby

  • Acupuncture Services-Chicopee 665 Prospect St, Chicopee, MA 01020

Frequently Asked Questions

What type of property is this?
Spa & wellness property - Office suite includes a main work area, private office, full bath, kitchen, and additional usable basement space.
Where is this spa & wellness property located?
The property is located at 688 Prospect Street Chicopee, MA.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: Commercial office suite with a main work area plus a separate private office; Includes a full bathroom and a kitchen/breakroom area; Finished/usable basement space provides additional usable square footage
More about this property
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