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    1365 Main St Springfield, MA 01103

    Sponsored
    For Lease
    $15 SF/Yr

    Historic building, multiple office types

    Lot size:
    27,608 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Market Place, located at 1365 Main Street in Springfield, MA, 01103, presents a unique opportunity for businesses seeking prime downtown office space. This historic four-story building, constructed in 1860, boasts a total of 27,608 square feet and offers a variety of office configurations suitable for traditional, executive, creative, or medical practices. The building features a single structure with elevators, and is zoned B3. Its multiple tenancy allows for flexibility in lease terms and space requirements. The property's strategic location in the heart of Springfield's downtown area places it just one block from the MassMutual Center and City Hall, ensuring high visibility and convenient access. The building is part of a vibrant hub that includes retail, dining, and professional services, creating a dynamic and convenient environment for tenants. A connecting atrium links Main Street to Market Street's attractive brick walkway, which hosts events and features the popular Nosh Cafe. The building's prominent position across from Monarch Place provides excellent exposure and reinforces its status as a key location in the city. Market Place offers an exceptional opportunity to establish, grow, or relocate a business in Western Massachusetts, benefiting from strong foot and vehicle traffic.

    Property Features for 1365 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,608 SF
    Total Rate
    34510

    Building Details

    Year Built
    1860
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    110
    Size
    1,360 SF
    Rate per SF
    $21
    Space
    210
    Size
    1,100 SF
    Rate per SF
    $15
    Space
    240
    Size
    2,092 SF
    Rate per SF
    $15

    HighLights

    • High visibility and foot traffic in Springfield's downtown core.
    • Indoor atrium connecting Main Street to Market Street.
    • Attractive brick patio ideal for outdoor seating and events.
    • Adjacent to City Hall, One Financial Plaza, and Monarch Place.
    • One block from MassMutual Center, home to the Thunderbirds AHL team.
    • Convenient highway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    New England Blue ... Blueprint Service Novalicious Beauty Bar Beauty Salon C.HR Services Human Resource Consulting Young Lenny Productions Music Producer Berry Dumpster Rental Garbage Dump Service

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Law Firm Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.589424
    Latitude
    42.1022934

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    FAQs

    What type of property is this?
    Restaurant - Historic building, multiple office types
    Where is this restaurant located?
    The property is located at 1365 Main St Springfield, MA.
    What is the lease rate?
    The lease rate is $15-$21 SF/Yr.
    What are key features of this property?
    This property features: High visibility and foot traffic in Springfield's downtown core.; Indoor atrium connecting Main Street to Market Street.; Attractive brick patio ideal for outdoor seating and events.
    Request Owner's contact information
    1365 Main St Springfield, MA 01103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1365 Main St Springfield, MA 01103
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