988-994 Main St Springfield, MA 01105

5,038 SF 0.12 ac lot Built 1890

Individually Owned 38-yr Hold ~ Est. High Equity

Property ID

US38-0674553

$699,000 5,038 SF

988-994 Main St, Springfield, MA 01105
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This exceptional Springfield, MA property, located at 988 Main Street on a 0.11-acre lot, presents a unique investment opportunity. Situated at the highly visible corner of Main and Union Streets, this building currently houses Milano Imported Fine Foods, Inc., a well-established business contributing to the vibrant community atmosphere. Its strategic location offers unparalleled exposure to significant foot traffic, benefiting from proximity to the MGM Casino, outdoor concert venues, and the Mass Mutual Center. The easy access to I-91 further enhances its appeal for a diverse range of businesses. The property itself comprises two street-level storefronts, providing ample space for retail or commercial ventures. Additionally, a sizable upper level presents a significant residential opportunity, whether for owner occupancy or leasing. A dedicated parking lot adds further convenience for both tenants and customers. This property embodies the architectural charm of Springfield while benefiting from its dynamic commercial growth. The combination of established tenancy, prime location, and versatile space makes this an ideal investment for both established businesses seeking expansion and entrepreneurs looking to establish a presence in a thriving market. The potential for franchise opportunities and second-floor residential leasing further enhances the return on investment. This is a chance to acquire a piece of Springfield's rich history and participate in its continued success.