Property profile

1665 Main St Springfield, MA 01103

FOR SALE
Retail space
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Property ID
US38-1753487
4,020 SF 0.05 ac Built 1918
Last sale Oct 2024·$225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A 1,608-square-foot retail space within a 1918 building originally constructed as a bank, located at 1665 Main St in downtown Springfield near I-91 and Union Station. The interior includes soaring ceilings, a large skylight over the primary sales area, a decommissioned vault, and additional rear space that retains historic architectural elements. The space is configured in a layout suitable for bar and restaurant use. The building is positioned near City Hall, the MassMutual Center, the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Nov 2026
$285k
$257k – $314k
AI approach$285k
NOI build-up
Gross scheduled income$29k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI$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?
$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 · 14 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
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Includes: Price & PSF · Cap rate · Location · Zoning

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