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    7 Elm St Springfield, MA 01103

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    For Lease
    Contact for pricing

    Historic Springfield Office Space

    Lot size:
    4,908 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning, renovated 1835 building, part of the $74 million Court Square redevelopment, offers multiple office suites in the heart of downtown Springfield, MA. Two available spaces, ranging from 609 to 1,306 contiguous square feet, are ideal for traditional office, executive office, coworking, or creative office uses. Each suite includes full basement storage and a private restroom. The building totals 4,908 square feet across three stories, with a total of two suites. Located at 7 Elm Street and 9 Elm Street, these spaces are perfectly situated to take advantage of the revitalized area, alongside 31Elm Apartments and Copper + Kin Restaurant. The property underwent a complete renovation in 2023, blending historic charm with modern amenities. This is a unique opportunity to be part of Springfield's exciting growth. Minimum divisible space is 609 square feet. The building is located in Hampden County, zip code 01103.

    Property Features for 7 Elm St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,908 SF

    Building Details

    Year Built/Renovated
    1835/2023
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    697 SF
    Space
    Available Space 2
    Size
    609 SF

    HighLights

    • Historic Byers Block: City's oldest surviving commercial building.
    • Three‑story building, Federal/Greek Revival transitional style.
    • Prestigious former tenants include prominent political and judicial figures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.588020935815
    Latitude
    42.101467405858

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    FAQs

    What type of property is this?
    Office space - Historic Springfield Office Space
    Where is this office space located?
    The property is located at 7 Elm St Springfield, MA.
    What are key features of this property?
    This property features: Historic Byers Block: City's oldest surviving commercial building.; Three-story building, Federal/Greek Revival transitional style.; Prestigious former tenants include prominent political and judicial figures.
    Request Owner's contact information
    7 Elm St Springfield, MA 01103
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    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
    7 Elm St Springfield, MA 01103
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