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Historic Office Building in Springfield
For Sale
$700,000

73 Chestnut St, Springfield, MA 01103

Prominent office building with redevelopment possibilities in downtown Springfield.

Property Size7,983 SF
Lot Size0.14 Acres
Days on Market166

Property Features for 73 Chestnut St

General Information

Standard status Active
Size 7,983 SF
Lot size 0.14 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $18,276

Building Details

Building Size 7,983 SF
Year Built 1899
Listing Agency: Pioneer CRE
Listed By: Paul Bongiorni · License #REB.0793882
Source: Elliman
Added: Mar 11 Changed: Aug 12 Last Checked: Aug 22 at 8:39AM

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

Investment Insights

Based on property information with market context.

Located in downtown Springfield, this historic professional office building at 73 Chestnut Street, historically known as Rose Cottage, is available for sale. The property is situated adjacent to the Springfield Museums campus and is near Metro Center and area highways. The building includes three levels of office suites, along with a finished basement. A partially finished top floor is currently used for storage. The interior features wood and brick craftsmanship. The property benefits from visibility on Chestnut Street and includes a paved, private driveway for parking. The property presents investment, owner-occupant, or redevelopment possibilities.

Key Highlights

  • Historic professional office building in downtown Springfield
  • Excellent location adjacent to Springfield Museums and near Metro Center/highways
  • Three levels of office suites, including a finished basement

Property Analytics

Current Use

John B. Stewart, ... Law Firm Jared Olanoff, Attorney ... Law Firm Cheryl A. Parker Law Firm Ciccia S Joseph Law Firm Kenefick Thomas A Law Firm

Suggested Use

Top Pick Carpet & Flooring Store Veterinary Clinic Locksmith (Bike/Boat/Book/etc) Store Furniture & Home Goods Pet Grooming Service

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

Location Intelligence

Trade Area within ½ mile

4,004
Businesses Nearby

Demographics for 01103, MA

2,545
Population
1,728
Households
1.5
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
0.4 sq mi
ZIP Area
6,363
Density / Sq Mi
$21,458
Median Household Income
$38,156
Median Earnings
$1,053
Median Rent
$148,000
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 - Prominent office building with redevelopment possibilities in downtown Springfield.
Where is this office building located?
The property is located at 73 Chestnut St Springfield, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Historic professional office building in downtown Springfield; Excellent location adjacent to Springfield Museums and near Metro Center/highways; Three levels of office suites, including a finished basement
More about this property
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