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Property profile & analytics
FOR SALE
Manufacturing properties

1 Allen St Springfield, MA 01108

4,800 SF 0.31 ac lot Built 1941
Individually Owned 27-yr Hold ~ Est. High Equity
Property ID
US38-1812088
Property summary
AI-generated overview

This exceptional Springfield, MA industrial property presents a compelling investment opportunity. Located at 1 Allen Street, this historic mill building complex boasts 171,898 square feet of rentable space, situated on a 4.62-acre lot. The property, zoned Industrial A, offers a diverse range of possibilities, including warehouse, manufacturing, and even retail or office space. Built in phases between 1857 and 1941, with subsequent renovations, the structure features a mix of masonry, brick, stone, wood, and steel framing, with brick and masonry block exterior. The building's interior includes wood floors and wood decking ceilings ranging from 10 to 14 feet in height. Heating is provided by gas and forced warm air. A dry sprinkler system is in place for fire safety. Ample paved parking is available. This property is ideally located for convenient access to downtown Springfield and major interstates. Approved for federal and state historic tax credits and situated in an opportunity zone, this complex presents significant potential for development and redevelopment. The assessor's records indicate a total building size of 193,205 square feet. The roof is a combination of gable shingle and flat membrane.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1941
Total area 4,800 SF
Lot 0.31 ac (13,338 SF)
Zoning code I2
APN SPRI S:00280 P:1442
UPID US38-1812088
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • M & E Mechanical Contractors General Contractor Construction Company
  • Aero-Bond Corporation Logistics Company Moving Company
  • Bio-Catalytic Enterprises Inc Corporate Office
  • L&G Signs & Designs Corp (Bike/Boat/Book/etc) Store Printing Service
  • Mainline Industries Inc Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Poly Metal Finishing · 27 yrs held
Poly Metal Finishing
since 1998
7 recorded transactions
2011
Price N/A
2009
Price N/A
2006
Price N/A
2006
Price N/A
2005
Price N/A
2002
Price N/A
2000
Price N/A
Zoning & alternative use
I2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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