568 Main St Springfield, MA 01105
Property profile & analytics
568 Main St Springfield, MA 01105
- Medical Office Space
- 2,507 SF
- 0.46 lot acres
Property ID
US38-1064940
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.
Location Intelligence
Current Use by Public Records
- BAPS Auto Paints & Supply / Auto Parts Store / (Bike/Boat/Book/etc) Store
Property Details for 568 Main St
- Year built
- 1960
- Lot size
- 0.46 lot acres
- Property size
- 2,507 SF
- Zone code
- B1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- SPRI S:08132 P:0147
- APU
- SPRIS08132P0147
Description
This exceptional 2,400 square foot office space, located at 568 Main St, Springfield, MA 01151, presents a unique investment opportunity. Situated on a signalized corner lot at the Ludlow Avenue bridge, this Class B building offers unparalleled visibility and accessibility. The property, built in 1940 and renovated in 2014, features a single-story design encompassing a total of 2,507 square feet across two suites. Currently, 2,400 square feet are available for lease, ideal for a single tenant seeking a contiguous space. The property boasts 56 loading docks and 56 dock-high doors, though it lacks elevators. The 0.46-acre lot provides ample parking. Zoned for Business A use, this versatile space is suitable for various office configurations, including medical offices and traditional office setups. Its location at a high-traffic intersection ensures maximum exposure, making it an attractive option for businesses seeking high visibility and convenient access. The property's adaptable layout allows for customization to meet specific business needs. This is a rare opportunity to secure a well-maintained, highly visible office space in a desirable Springfield location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $560,000
- ML approach
- $450,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $595,000
- 6.5%
- $550,000
- 7%
- $510,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $380,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.4847
- Latitude
- 42.1558
- 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
$13,057
$96,700
$262,000
$358,700
-
$0.00
$0.00
$0.00
