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Property profile & analytics

297 Main St Monson, MA 01057-1306

  • Office buildings
  • 4,808 SF
  • 0.66 lot acres
OFF-MARKET
Last Sale
Mar 10, 2021
$65,000
Value Estimations
$70,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US38-0228233
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Office buildings

Property Details for 297 Main St

Year built
1900
Construction
FRAME
Lot size
0.66 lot acres
Property size
4,808 SF
Zone code
CC
Property type
Office buildings
APN
MONS M:116 B:050A
APU
MONSM116B050A

Description

This unique mixed-use property, situated at 297 Main Street in Monson, Massachusetts, presents a compelling investment opportunity. Located on a 0.66-acre lot at the corner of Main and Bliss Streets, this building enjoys high visibility and convenient access to downtown Monson and Route 32. Formerly a church, the structure offers approximately 2,250 square feet of space, currently configured as commercial space on the first floor, a one-bedroom apartment on the second floor, and a partially finished basement. The property benefits from a sizable parking area, a significant advantage in this location. Previous approvals have been secured for a dental practice, providing a clear path for a specific use, although the property's versatility allows for a range of reconfiguration options to suit various multi-tenant needs. Its proximity to the Connecticut border adds to its strategic appeal. This property is priced at $225,000 and offers significant potential for renovation and redevelopment, making it an attractive proposition for investors seeking a multi-use property in a desirable location. The building's history and existing infrastructure provide a solid foundation for a variety of commercial and residential uses. The large parking area is a key feature, enhancing the property's appeal to potential tenants. This is a rare opportunity to acquire a well-located mixed-use building with significant upside potential.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Estimation
    $65,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $100,000
    6.5%
    $95,000
    7%
    $90,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $95,000
    Geo Method
    $75,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $95,000
    Retail
    $105,000
    Mixed-Use
    $105,000
    Hospitality
    $105,000
    Educational
    $80,000
    Residential Income
    $90,000
    Energy
    $85,000
    Income-Based Land
    $80,000
    Food Service
    $85,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Monson
County
Hampden
State
Massachusetts
Longitude
-72.3117
Latitude
42.0912
CBSA code
44140
CBSA name
SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,042
$56,900
$10,300
$67,200
-
$0.00
$0.00
$0.00
More about this property
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