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Financial
Distress signals
Property profile

1665 Main St Springfield, MA 01103

FOR SALE
Retail space
Property ID
US38-1753487
4,020 SF 0.05 ac lot Built 1918
Last sale Oct 2024 · $225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
1665 Main St, Springfield, MA 01103 For Sale 1 / 25
$285,000 4,020 SF
1665 Main St, Springfield, MA 01103
View Listing

Property summary

AI-generated overview

The property at 1665 Main Street is a historic bank building configured for commercial use. It features a main interior space with soaring ceilings and a large skylight that provides natural light, along with a decommissioned bank vault suitable for storage or other adaptive uses. The building also includes a secondary/back area and other preserved historic architectural details. The site is located on Main Street in downtown Springfield, with proximity to major transit and local downtown…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$255k
Assessed land$61k
Assessed improvement$194k
Effective rate3.54%

Value estimate

· Oct 2026
$285k
$257k – $314k
AI approach$285k
NOI build-up
Gross scheduled income$29k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 109,647.06% cap applied$19k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$68/SF
Submarket average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$40 – $112
Qualifying comparables4

Cap rate analysis

How does the asset earn?
109,647.06%
$19k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B3
JurisdictionSPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop17.5
Storage Facility15.1
Garden Center15.0

Location

1665 Main St Springfield, MA 01103
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1163 Main, Springfield, MA 01103-2112 $265,000 May 2025 8,616 SF
232 Chestnut, Springfield, MA 01103-1108 $825,000 Nov 2023 13,262 SF
45 Lyman, Springfield, MA 01103-1366 $425,000 Jun 2023 15,111 SF
34 Pearl, Springfield, MA 01103-1533 $290,000 May 2023 2,688 SF
950 Main, Springfield, MA 01103-2106 $1,000,000 Sep 2022 3,150 SF
892 Main, Springfield, MA 01103-2105 $350,000 Oct 2020 8,160 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $975,000
    3,150 SF
    950 Main St
    FINANCIAL BUILDING
    950 Main St, Springfield, MA 01103-2106
    View Details
  • Value Estimation
    $225,000
    5,326 SF
    95-97 Chestnut St
    RETAIL STORES (PERSONAL SERVICES)
    95-97 Chestnut St, Springfield, MA 01103
    View Details
  • Value Estimation
    $260,000
    2,688 SF
    34 Pearl St
    RETAIL STORES (PERSONAL SERVICES)
    34 Pearl St, Springfield, MA 01103-1533
    View Details
  • Value Estimation
    $245,000
    6,100 SF
    157-159 Lyman St
    SHOW ROOM, WAREHOUSE
    157-159 Lyman St, Springfield, MA 01103
    View Details
  • Value Estimation
    $245,000
    6,498 SF
    163 Lyman St
    SHOW ROOM, WAREHOUSE
    163 Lyman St, Springfield, MA 01103-1303
    View Details
  • Value Estimation
    $285,000
    6,550 SF
    159 State St
    RETAIL STORES (PERSONAL SERVICES)
    159 State St, Springfield, MA 01103-1908
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    2,924 SF
    Multi-Suite Retail Space
    Three retail suites offer flexible commercial occupancy within a B3-zoned property.
    115 Dwight St, Springfield, MA 01103
    View Details
  • New
    Contact for pricing
    1,556 SF
    Retail Space with Private Entrance
    B3-zoned space in a downtown complex with direct access from Market Street.
    1341 Main St # rear, Springfield, MA 01103
    View Details
  • $1,800,000
    57,919 SF
    Springfield Multi-Use Investment Portfolio
    Two income-generating properties on high-traffic Bridge Street in Springfield, MA.
    289-307 Bridge St, Springfield, MA 01103
    View Details

Similar Nearby for Lease

  • New
    $15 SF/Yr
    2,924 sqft
    Retail Storefront Suites
    Three retail storefront spaces are available with a triple-net lease structure at 115 Dwight Street.
    115 Dwight Street, Springfield, MA 01103
    View Details
  • New
    $15 SF/Yr
    Springfield Retail Spaces Available
    Retail spaces for lease in Springfield, MA.
    115 Dwight St, Springfield, MA 01103
    View Details
  • New
    $3,000/Mo
    2,600 sqft
    Gutted Flex Space with New Roof
    Gutted interior supports a custom buildout for retail, office, or laundromat use.
    A-687 State St, Springfield, MA 01103
    View Details
  • $15 SF/Yr
    Retail Space in Downtown Springfield
    Retail space for lease in downtown Springfield's Market Place.
    1341 Main St rear, Springfield, MA 01103
    View Details
  • $2,000/Mo
    1,500 sqft
    Downtown Springfield Retail Space Available
    First-floor retail space in downtown Springfield with high visibility.
    1628-1640 Main Street, Unit 1640, Springfield, MA 01103
    View Details
  • New
    Contact for pricing
    330,600 sqft
    Class A Office Space Available
    Class A office and retail spaces in downtown Springfield for lease.
    1350 Main Street, Springfield, MA 01103
    View Details
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