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    FOR LEASE
    Medical Office Space

    568 Main St, Springfield, MA 01151

    2,507 SF 0.46 ac lot Built 1960
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US38-1064940
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1960
    Total area 2,507 SF
    Lot 0.46 ac (19,950 SF)
    Zoning code B1
    APN SPRI S:08132 P:0147
    UPID US38-1064940
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • BAPS Auto Paints & Supply Auto Parts Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $450k
    CAP Approach CAP
    $550k
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $540k
    Owner & transaction history
    Ss Enterprises INC · 1 yrs held
    Ss Enterprises INC
    since 2025
    Last sale
    $525,000
    7 recorded transactions
    2025
    $525,000
    2011
    2004
    $1
    2004
    $425,000
    1995
    $170,000
    1993
    $200,000
    1991
    $185,000
    Zoning & alternative use
    B1 · Springfield, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $380,000 +237.5%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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