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Property profile & analytics

988 Main St Springfield, MA 01105

  • Investment properties
  • 5,038 SF
  • 0.12 lot acres
Value Estimation
Location Intelligence
Property ID
US38-0674553
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

  • Milano Importing / Italian Restaurant / Deli

Property Details for 988 Main St

Year built
1890
Lot size
0.12 lot acres
Property size
5,038 SF
Zone code
B2
Property type
Investment properties
Property subtype
Live-work space
APN
SPRI S:08130 P:0088
APU
SPRIS08130P0088

Description

This exceptional Springfield, MA property, located at 988 Main Street on a 0.11-acre lot, presents a unique investment opportunity. Situated at the highly visible corner of Main and Union Streets, this building currently houses Milano Imported Fine Foods, Inc., a well-established business contributing to the vibrant community atmosphere. Its strategic location offers unparalleled exposure to significant foot traffic, benefiting from proximity to the MGM Casino, outdoor concert venues, and the Mass Mutual Center. The easy access to I-91 further enhances its appeal for a diverse range of businesses. The property itself comprises two street-level storefronts, providing ample space for retail or commercial ventures. Additionally, a sizable upper level presents a significant residential opportunity, whether for owner occupancy or leasing. A dedicated parking lot adds further convenience for both tenants and customers. This property embodies the architectural charm of Springfield while benefiting from its dynamic commercial growth. The combination of established tenancy, prime location, and versatile space makes this an ideal investment for both established businesses seeking expansion and entrepreneurs looking to establish a presence in a thriving market. The potential for franchise opportunities and second-floor residential leasing further enhances the return on investment. This is a chance to acquire a piece of Springfield's rich history and participate in its continued success.

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
-72.5844
Latitude
42.0988
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
$0.00
$100,000
$265,400
$365,400
-
$0.00
$0.00
$0.00
More about this property
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