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    1351 Main St Springfield, MA 01103

    Sponsored
    For Lease
    $17 SF/Yr ($19,125 /Mo)

    Historic Springfield office building, 13,500 sq ft, high visibility.

    Lot size:
    13,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,500-square-foot office building, located at 1351 Main Street in Springfield, Massachusetts, presents a unique leasing opportunity. Built in 1907, the three-story Union Trust Company Building boasts a rich history and prime location within the Market Place complex in downtown Springfield. The property is zoned B3 and situated directly across from One Financial Plaza, ensuring high visibility and convenient access to amenities. The building features a mostly open first floor, ideal for various retail or office configurations, and two upper levels of traditional office space. A finished basement, uniquely including two converted vault conference rooms, adds significant value. The entire 13,500 square feet is currently vacant and available for lease as a single unit or potentially subdividable into multiple suites, accommodating diverse business needs. With four total suites, this property offers flexibility for tenants seeking a prominent downtown Springfield location with access to the Market Place's dining and professional services. The building's historic character combined with its modern adaptability makes it an exceptional investment opportunity. This Hampden County property offers a rare chance to secure a landmark building in a thriving urban center.

    Property Features for 1351 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,500 SF
    Total Rate
    19125

    Building Details

    Year Built
    1907
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    13,500 SF
    Rate per SF
    $17

    HighLights

    • 13,500 SF office building at 1351 Main Street, Springfield, MA, currently vacant and available for lease.
    • Former bank building, listed on the National Register of Historic Places.
    • Prime downtown location, seconds from City Hall, MassMutual Center, and Riverfront Park.
    • Easy highway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Joyce Financial and Insurance ... Financial Planner Barrows Dana Insurance Agency Joyce Financial and Insurance ... Financial Consultant John L Gilfoil Financial Consultant

    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
    -72.5890226
    Latitude
    42.1023342

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Springfield office building, 13,500 sq ft, high visibility.
    Where is this office property / space located?
    The property is located at 1351 Main St Springfield, MA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 13,500 SF office building at 1351 Main Street, Springfield, MA, currently vacant and available for lease.; Former bank building, listed on the National Register of Historic Places.; Prime downtown location, seconds from City Hall, MassMutual Center, and Riverfront Park.
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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
    1351 Main St Springfield, MA 01103
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