988 Main St Springfield, MA 01105

Property Details for 988 Main St

Year built

1890

Lot size

0.12 lot acres

Property size

5,038 SF

Zone code

B2

Property type

Investment properties

Property subtype

Live-work space

APN

SPRI S:08130 P:0088

APU

SPRIS08130P0088

Description

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.

Location Insight

City

Springfield

County

Hampden

State

Massachusetts

Longitude

-72.5844

Latitude

42.0988

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments