Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    896 Main St Chicopee, MA 01020

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.4 Acres, Business B Zoning, Build-to-Suit

    Property Features for 896 Main St

    General Information

    Property type
    Land
    Lot Size
    104,544 SF

    We can help!

    Listing Contact
    Frank Fitzgerald

    Listing Agency: Opal Real Estate Group Listing Agent: Frank Fitzgerald

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 2.4-acre commercial land parcel in Chicopee, Massachusetts, presents a unique investment opportunity. Located at 896 E Main St, 01020, this level lot boasts excellent highway accessibility, situated just one mile from I-90 (Mass Pike) and half a mile from I-291. The property is zoned Business B, offering versatility for a wide range of commercial uses. Utilities are conveniently located at the street, simplifying development. The site previously held permits for a 60,000 square foot climate-controlled self-storage facility, demonstrating its suitability for large-scale projects. This prime location within the gateway to the Chicopee River Business Park provides ample frontage and visibility. Adding to its appeal, the current owner is offering build-to-suit options, providing flexibility and potential cost savings for the right buyer. This is an ideal opportunity for businesses seeking a strategic location with convenient access to major transportation arteries and the potential for customized development. The property's level topography and readily available utilities further enhance its development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.553497953756
    Latitude
    42.156108542249

    Nearby Similar for Sale

    • $389,900
      2,572 SF

      Spacious Two-Family Home Near Elms

      Stately 2-family home near Elms College with updates.
      57- Stearns Ter, Chicopee, MA 01013
      View Details
    • $359,000
      1,518 SF

      Retail Building For Sale

      Retail building for sale on a busy road.
      1720 Westover Rd, Chicopee, MA 01020
      View Details
    • $290,000

      Mixed-Use Property in Cuenca, Ecuador

      Mixed-use property with commercial spaces and apartments in Cuenca, Ecuador.
      9 Cuenca Ecuador, Chicopee, MA 01020
      View Details
    • $185,000

      Charming Colonial Duplex Near Historic Center

      Two-family house near Cuenca's historic center with 9 bedrooms.
      271 C. Escultor Ayabaca Cuenca Ecuador, Chicopee, MA 01020
      View Details
    • $425,000

      Downtown Chicopee Commercial Building For Sale

      Commercial building in downtown Chicopee with full kitchen.
      66 Cabot St, Chicopee, MA 01013
      View Details
    • $699,900

      Versatile Commercial Property with Elevator

      Commercial property featuring two units, parking, and renovation potential.
      52 Gladdu Ave, Chicopee, MA 01020
      View Details
    • $950,000
      10,301 SF

      Retail Property in Central Business

      Retail property with high visibility in a prime location.
      200 Exchange St, Chicopee, MA 01013
      View Details
    • $159,900

      Turn-Key Bar & Restaurant Opportunity

      Established bar and restaurant with loyal customer base for sale.
      1747 Westover Rd, Chicopee, MA 01020
      View Details
    • Contact for pricing
      3,878 SF

      Commercial Buildings on Memorial Drive

      Two buildings with office and retail space on Memorial Drive.
      1839-1847 Memorial Dr, Chicopee, MA 01020
      View Details
    • $329,900

      Multifamily Near Elms College Campus

      Two-unit multifamily property near shops, restaurants, and Elms College.
      92-94 Nonotuck Ave, Chicopee, MA 01013
      View Details
    • $400,000

      Chicopee Two-Family Home For Sale

      Well-maintained two-family home, move-in ready, ideal for various living arrangements.
      43 Pine St, Chicopee, MA 01020
      View Details
    • Contact for pricing

      Mixed-Use Property in Downtown Chicopee

      Historic mixed-use property with theater, retail, and office spaces.
      43 Springfield St, Chicopee, MA 01013
      View Details

    FAQs

    What type of property is this?
    Land - 2.4 Acres, Business B Zoning, Build-to-Suit
    Where is this land located?
    The property is located at 896 Main St Chicopee, MA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 2.4-acre commercial lot in Chicopee, MA, at 896 E Main St, 01020.; Excellent highway access: 1 mile from I-90 (Mass Pike), 1⁄2 mile from I-291.; Level lot with utilities at the street.
    (413) 726-9836 Call to check price and availability
    Request Owner's contact information
    896 Main St Chicopee, MA 01020
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    896 Main St
    Chicopee, MA 01020
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    896 Main St Chicopee, MA 01020
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Frank Fitzgerald
    Real Estate License ID: 9​0​6​0​6​1​5
    (413) 726-9836
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!