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    Property profile & analytics

    582 Chicopee St Chicopee, MA 01013-2702

    • Investment properties
    • 8,464 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Last Sale
    Jan 08, 2021
    $350,000
    Location Intelligence
    Property ID
    US38-0226110
    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.

    Current Use by Public Records

    • Chicopee's Corner Grind / Restaurant

    Property Details for 582 Chicopee St

    Year built
    1915
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    8,464 SF
    Zone code
    105
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CHIC M:0527 P:00007
    APU
    CHICM0527P00007

    Description

    This 2,500 square foot retail space in Chicopee, MA, is ideally suited for a restaurant or pizza shop. The property features a fully built-out interior with classic black and white checkered floors, a spacious dining area with counter seating, ample space for takeout orders, and several coolers. The kitchen is equipped with grills and deep fryers. A large basement provides substantial storage and office space. Located off I-391 exit 4, this property benefits from high visibility and convenient access. Exterior features include ample parking and space for outdoor seating. Utilities are separately metered. The single-tenant space is in excellent condition and situated near other established businesses in a residential area of Chicopee. This is a fantastic opportunity for a food service business seeking a turn-key operation in a desirable location. The property is located at 582 Chicopee Street, Chicopee, MA 01013, in Hampden County. There is no elevator in the building.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $430,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $465,000
      Retail
      $390,000
      Mixed-Use
      $400,000
      Hospitality
      $465,000
      Educational
      $475,000
      Residential Income
      $380,000
      Energy
      $380,000
      Income-Based Land
      $455,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6132
    Latitude
    42.1834
    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
    2024
    $0.00
    $92,700
    $419,300
    $512,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $750,000
      8,546 SF

      333 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,546 SF
      333 Frnt St, Chicopee, MA 01013-3194
      View Details
    • Value Estimation
      $565,000
      4,280 SF

      113 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,280 SF
      113 Ctr St, Chicopee, MA 01013-1667
      View Details
    • Value Estimation by Request
      8,640 SF

      30 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,640 SF
      30 Ctr St, Chicopee, MA 01013-3246
      View Details
    • Value Estimation
      $245,000
      2,578 SF

      1016 Chicopee St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,578 SF
      1016 Chicopee St, Chicopee, MA 01013-2780
      View Details
    • Value Estimation
      $260,000
      3,666 SF

      759 Chicopee St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,666 SF
      759 Chicopee St, Chicopee, MA 01013-2980
      View Details
    • Value Estimation
      $670,000
      0.22 Acres

      1036 Chicopee St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.22 Acres
      1036 Chicopee St, Chicopee, MA 01013-4191
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Property in Downtown Chicopee

      Historic mixed-use property with theater, retail, and office spaces.
      43 Springfield St, Chicopee, MA 01013
      View Details
    • $1,299,000

      Mixed-Use Building: Investment Opportunity

      Fully occupied 11-unit mixed-use building with strong cash flow.
      89-95 School St, Chicopee, MA 01013
      View Details
    • $790,000

      Mixed-Use Property in Prime Location

      Fully rented mixed-use property with apartments and retail spaces.
      726 Chicopee St, Chicopee, MA 01013
      View Details
    • $599,000

      Renovated Mixed-Use Property For Sale

      Newly renovated mixed-use property with residential and commercial units.
      757-759 Chicopee St, Chicopee, MA 01013
      View Details
    • Contact for pricing

      Chicopee Office Space Available

      Office property for sale in Chicopee, Massachusetts.
      43-57 Springfield St, Chicopee, MA 01013
      View Details
    • $55,000

      Vacant Lot For Sale

      Vacant, flat, cleared 9118 sq. ft. lot.
      School St, Chicopee, MA 01013
      View Details

    Similar Nearby for Lease

    • $1,495 /Mo

      Contractor Shop/Workshop Space Available

      Versatile space for trade professionals, sign shops, and auto detailers.
      257 Hampden St, Chicopee, MA 01013
      View Details
    • $18 SF/Yr
      1,828 SF

      Chicopee Office Space For Lease

      Second floor office space in downtown Chicopee with on-site parking.
      35 Center St, Chicopee, MA 01013
      View Details
    • $12 SF/Yr
      57,459 SF

      Chicopee School Building For Lease

      Spacious Educational Facility - Prime Location
      134 Springfield St, Chicopee, MA 01013
      View Details
    • $16 SF/Yr

      Retail Space on Chicopee Street

      Former barber shop with large windows available for lease.
      460 Chicopee St, Chicopee, MA 01013
      View Details
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    Chicopee, MA 01013-2702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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