Property profile

297 Main St Monson, MA 01057

OFF-MARKET
Office buildings
Property ID
US38-0228233
4,808 SF 0.66 ac lot Built 1900
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This unique mixed-use property, situated at 297 Main Street in Monson, Massachusetts, presents a compelling investment opportunity. Located on a 0.66-acre lot at the corner of Main and Bliss Streets, this building enjoys high visibility and convenient access to downtown Monson and Route 32. Formerly a church, the structure offers approximately 2,250 square feet of space, currently configured as commercial space on the first floor, a one-bedroom apartment on the second floor, and a partially finished basement. The property benefits from a sizable parking area, a significant advantage in this location. Previous approvals have been secured for a dental practice, providing a clear path for a specific use, although the property's versatility allows for a range of reconfiguration options to suit various multi-tenant needs. Its proximity to the Connecticut border adds to its strategic appeal. This property is priced at $225,000 and offers significant potential for renovation and redevelopment, making it an attractive proposition for investors seeking a multi-use property in a desirable location. The building's history and existing infrastructure provide a solid foundation for a variety of commercial and residential uses. The large parking area is a key feature, enhancing the property's appeal to potential tenants. This is a rare opportunity to acquire a well-located mixed-use building with significant upside potential.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Construction FRAME
Total area 4,808 SF
Lot 0.66 ac (28,749 SF)
Zoning code CC
APN MONS M:116 B:050A
UPID US38-0228233

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

297 Main St Monson, MA 01057-1306
Monson metro Census 813702 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$60k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

since 2025
Last sale
$65,000
4 recorded transactions
2025
$210,000
2021
$65,000
2007
$245,000
2005
Price N/A

Zoning & alternative use

CC · Monson, MA
Zoning description

This zone is intended to promote central commercial district uses.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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