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    20 Maple St Springfield, MA 01103

    Sponsored
    For Lease
    $10 SF/Yr

    Prime location, flexible spaces available

    Lot size:
    7,102 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 20 Maple Street in downtown Springfield offers a diverse range of office spaces, perfect for businesses of all sizes. The building, constructed in 1900 and equipped with an elevator, boasts ADA compliance for accessibility. Seven individual office spaces and suites are currently available, ranging from 155 square feet to 2,300 square feet, providing flexibility to accommodate various needs. Monthly rents start at $350 and include heat, air conditioning, common area maintenance, and electricity, offering significant value. Tenants are responsible for their own parking and telephone/internet services; there are no additional tenant CAM charges. The building enjoys a highly desirable location, within walking distance of key Springfield landmarks including the MGM Springfield, Mass Mutual Center, the courthouse, City Hall, and the library museum complex. Its convenient placement on a bus line ensures easy accessibility for employees and clients. Additionally, approximately 2,300 square feet of ground floor retail/office space is available in the adjacent property at 4 Maple Street, presenting an opportunity for expansion or synergy. This is a rare opportunity to secure prime office space in the heart of Springfield.

    Property Features for 20 Maple St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,102 SF
    Class
    C

    Building Details

    Year Built
    1900

    Unit(s) available at that property

    Space
    4 Maple St
    Size
    2,300 SF
    Rate per SF
    $18
    Space
    2nd Floor, Left Front
    Size
    747 SF
    Rate per SF
    $10
    Space
    3rd Floor, Suite 3
    Size
    1,355 SF
    Rate per SF
    $11
    Space
    4th floor, Suite 3
    Size
    535 SF
    Rate per SF
    $11
    Space
    4th Floor, Suite 5
    Size
    1,720 SF
    Rate per SF
    $11
    Space
    2nd floor, Suite 4
    Size
    290 SF
    Rate per SF
    $16
    Space
    2nd floor Suite 2
    Size
    155 SF
    Rate per SF
    $27

    HighLights

    • Retail and office space available in downtown Springfield.
    • Seven spaces available, ranging from 155 to 2,300 square feet.
    • Located near MGM, Mass Mutual Center, courthouse, City Hall, and library museum complex; on a bus line.
    • Rents start at $350/month, including heat, AC, CAM, and electricity; tenant pays for parking and utilities.
    • One elevator; ADA compliant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nicholas Tobin Psychiatrist A Better Life Homecare, ... Nursing Agency Inspired Marketing Inc. Marketing Agency Gianantoni Raymond Insurance Agency Victory Human Services Home Health Care 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
    -72.584225463178
    Latitude
    42.102296882082

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, flexible spaces available
    Where is this office property / space located?
    The property is located at 20 Maple St Springfield, MA.
    What is the lease rate?
    The lease rate is $10-$27 SF/Yr.
    What are key features of this property?
    This property features: Retail and office space available in downtown Springfield.; Seven spaces available, ranging from 155 to 2,300 square feet.; Located near MGM, Mass Mutual Center, courthouse, City Hall, and library museum complex; on a bus line.
    Request Owner's contact information
    20 Maple 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
    20 Maple St Springfield, MA 01103
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