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    1 Allen St Springfield, MA 01108

    • Manufacturing properties
    • 4,800 SF
    • 0.31 lot acres
    For Sale
    View listing
    $2,950,000
    Value Estimation
    Location Intelligence
    Property ID
    US38-1812088
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • M & E Mechanical Contractors / Mechanical Contractor
    • Aero-Bond Corporation / Aircraft Supply Store
    • Bio-Catalytic Enterprises Inc / Biotechnology Company
    • L&G Signs & Designs Corp / Sign Shop
    • Mainline Industries Inc / Medical Supply Store

    Property Details for 1 Allen St

    Year built
    1941
    Lot size
    0.31 lot acres
    Property size
    4,800 SF
    Zone code
    I2
    Property type
    Manufacturing properties
    APN
    SPRI S:00280 P:1442
    APU
    SPRIS00280P1442

    Description

    This exceptional Springfield, MA industrial property presents a compelling investment opportunity. Located at 1 Allen Street, this historic mill building complex boasts 171,898 square feet of rentable space, situated on a 4.62-acre lot. The property, zoned Industrial A, offers a diverse range of possibilities, including warehouse, manufacturing, and even retail or office space. Built in phases between 1857 and 1941, with subsequent renovations, the structure features a mix of masonry, brick, stone, wood, and steel framing, with brick and masonry block exterior. The building's interior includes wood floors and wood decking ceilings ranging from 10 to 14 feet in height. Heating is provided by gas and forced warm air. A dry sprinkler system is in place for fire safety. Ample paved parking is available. This property is ideally located for convenient access to downtown Springfield and major interstates. Approved for federal and state historic tax credits and situated in an opportunity zone, this complex presents significant potential for development and redevelopment. The assessor's records indicate a total building size of 193,205 square feet. The roof is a combination of gable shingle and flat membrane.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5622
    Latitude
    42.0968
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,427
    $29,000
    $120,100
    $149,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $245,000
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      38 Ml St

      MANUFACTURING (LIGHT) • 8,720 SF
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    • Value Estimation
      $635,000
      27,640 SF

      1 Allen St

      MANUFACTURING (LIGHT) • 27,640 SF
      1 Allen St, Springfield, MA 01108-1953
      View Details
    • Value Estimation
      $320,000
      5,700 SF

      55 Randall Pl

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      55 Randall Pl, Springfield, MA 01108-1919
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      1,296 SF

      329 Belmont Ave

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      333 Belmont Ave

      INDUSTRIAL (GENERAL) • 11,636 SF
      333 Belmont Ave, Springfield, MA 01108-2025
      View Details
    • Value Estimation
      $395,000
      7,860 SF

      36 Amity Ct

      INDUSTRIAL (GENERAL) • 7,860 SF
      36 Amity Ct, Springfield, MA 01108-1906
      View Details

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      Retail Space in Springfield

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      Office Space For Rent

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    1 Allen St
    Springfield, MA 01108
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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
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