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Property profile & analytics

979 Main St, Unit 101 Springfield, MA 01103

  • Office Properties & Spaces
  • 1,266 SF
OFF-MARKET
Value Estimation
$715,000
Last Sale
Nov 03, 2020
$700,000
Location Intelligence
Property ID
US38-0981117
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

  • Zorzi Peter A / Architect

Property Details for 979 Main St

Year built
1990
Property size
1,266 SF
Zone code
SC2B2
Property type
Office Properties & Spaces
APN
SPRI S:08130 P:0760
APU
SPRIS08130P0760

Description

This exceptional three-story building, totaling 15,927 square feet, is undergoing a complete renovation with an estimated completion in 4-6 months. The revitalization includes the creation of four customizable retail or office spaces on the ground floor, ranging from approximately 1,560 to 2,885 square feet. Additionally, the renovation will feature three private offices totaling approximately 1,500 square feet on the upper floors. The second and third floors are being converted into modern residential apartments, offering unique live-work opportunities or employee housing. The property boasts 24 total parking spaces, including 20 dedicated off-street spaces and 15 on-street spaces. Conveniently located on Main Street, near Interstate 91, public transportation, CVS, MGM Springfield, and the city's downtown, this ADA-accessible building offers unparalleled access and visibility. The building is zoned B and situated in Hampden County, with a cross street of Williams. This is a single-tenant building, offering a unique opportunity to create a bespoke space tailored to your business needs. The building's recent 2024 renovation ensures modern amenities and a contemporary aesthetic. Don't miss this chance to secure prime commercial space in a rapidly developing area. The flexible floor plans allow for a variety of uses, making this property ideal for a range of businesses. The combination of office, retail, and potential residential space provides a unique and versatile opportunity for a discerning tenant.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $685,000
  • CAP approach

    CAP return
    Estimation
    6%
    $835,000
    6.5%
    $860,000
    7%
    $840,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $715,000
    Geo Method
    $885,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $705,000
    Retail
    $895,000
    Mixed-Use
    $845,000
    Hospitality
    $770,000
    Educational
    $715,000
    Residential Income
    $855,000
    Energy
    $790,000
    Income-Based Land
    $750,000
    Food Service
    $835,000

Location Insight

  • Map
  • Local Demand
City
Springfield
County
Hampden
State
Massachusetts
Longitude
-72.584
Latitude
42.099
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
$1,329
$0.00
$36,500
$36,500
-
$0.00
$0.00
$0.00
More about this property
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