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    75 Market Pl Springfield, MA 01103

    Sponsored
    For Lease
    $13,800 /Mo ($14 SF/Yr)

    Prestigious downtown Springfield office space.

    Lot size:
    11,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional executive office suite, located at 75 Market Place in Springfield, Massachusetts, offers 210 square feet of meticulously maintained space within a larger, four-story, 11,500-square-foot building. Built in 1893 and renovated in 1981, the building boasts an elevator, ensuring convenient access to all floors. The suite itself is situated on the fourth floor and features ample natural light, attractive hardwood floors, and high ceilings, creating a sophisticated and productive work environment. Shared amenities include two conference rooms, a kitchenette, and two bathrooms, providing added convenience and functionality. One dedicated parking space is included with the lease. The building is fully heated and cooled and equipped with a sprinkler system. Its prime downtown location offers easy access to the Civic Center Garage and the Springfield Courthouse, making it an ideal location for legal professionals and other businesses. The building is zoned Business C and is currently occupied by a mix of attorneys and other professional users, fostering a quiet and professional atmosphere. This is a rare opportunity to secure a well-appointed office suite in a highly desirable location.

    Property Features for 75 Market Pl

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,500 SF
    Total Rate
    13800

    Building Details

    Year Built/Renovated
    1893/1981

    Unit(s) available at that property

    Space
    Available Space
    Size
    210 SF
    Rate per SF
    $13,800

    HighLights

    • Ample parking available via Falcon Street access.
    • ADA‑compliant building.
    • Convenient walk to Springfield Courthouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5890911
    Latitude
    42.1028472

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious downtown Springfield office space.
    Where is this office property / space located?
    The property is located at 75 Market Pl Springfield, MA.
    What is the lease rate?
    The lease rate is $13,800 /Mo.
    What are key features of this property?
    This property features: Ample parking available via Falcon Street access.; ADA-compliant building.; Convenient walk to Springfield Courthouse.
    Request Owner's contact information
    75 Market Pl 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

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    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
    75 Market Pl Springfield, MA 01103
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