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    Springfield, MA Retail Properties & Spaces for Sale

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    Downtown Retail Storefront with Parking
    Updated: Jan 7, 2025
    Downtown Retail Storefront with Parking

    982 Main St, Springfield, MA 01103

    $599,000
    4,590 sqft
    Multi‑tenant Main Street storefront at 982 Main Street and 974‑976 Main Street in downtown Springfield (Year built: 1929).
    Three established tenants are currently renting the space.
    Additional parking: two parcels on Wilcox Street, both combined at approximately 6,098 SF, designated for parking.
    1021 Main Street is also for sale (MLS #73323738), offering the option to purchase as a package or separately.
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    This listing looks promising.

    Here's a quick look at some key insights for

    982 Main St, Springfield, MA 01103

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    • Est. Cap Rate

      8.9%
      Above avg (5.9%)

    • Est. NOI

      $53K
      Annual

    • Price @ 7% Cap

      $760K
      Above asking

    • Last Sold

      Jan 2018
      $172K

    • Property Type

      Restaurant
      Built 1900
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    Multi-Tenant Retail Building
    Updated: Jun 2
    Multi-Tenant Retail Building

    520-526 Main Street, Springfield, MA 60187

    $1,250,000
    12,000 sqft
    Fully leased 12,000 SF multi‑tenant retail building
    91 feet of Main Street frontage on a BA‑zoned commercial corridor
    Located at a signalized intersection with convenient customer/tenant ingress and egress
    Built in 1925 with a distinctive stone facade and large storefront windows
    Ample on‑site parking for tenants and customers
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    Multi-Use Income-Generating Bridge Street Property
    Multi-Use Income-Generating Bridge Street Property

    289-307 Bridge St, Springfield, MA 01103

    $1,800,000
    57,919 sqft

    Multi-tenant commercial portfolio on high-traffic corridor with value-add opportunities.

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    Retail Strip Center on Corner
    Retail Strip Center on Corner

    16-24 Arnold Ave, Springfield, MA 01119

    $979,000
    6,350 sqft

    Retail strip center on busy Boston Road Rt 20.

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    Mixed-Use Property in Commercial Corridor
    Mixed-Use Property in Commercial Corridor

    939 E Columbus Ave, Springfield, MA 01105

    $499,000
    5,140 sqft

    5,140 SF mixed-use property in a high-traffic commercial area.

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    Mixed-Use Income Property
    Mixed-Use Income Property

    683-687 State St, Springfield, MA 01109

    $1,675,000
    11,250 sqft

    Mixed-use building with 15 residential apartments and 2 commercial spaces, including vacancies and recently updated units.

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    Springfield Retail Property For Sale
    Springfield Retail Property For Sale

    1930 Wilbraham Rd, Springfield, MA 01129

    $1,200,000
    2,304 sqft 0.50 AC lot

    2,304 SF retail property in Springfield, MA for sale.

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    Mixed-Use Investment Opportunity
    Mixed-Use Investment Opportunity

    26-28 Parker Street, Springfield, MA 01151

    $689,000
    1,920 sqft

    Mixed-use property with storefronts and residential units for sale.

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    Warehouse with Permitted Auto Uses
    Warehouse with Permitted Auto Uses

    512 Saint James Avenue, Springfield, MA 01109

    $699,900
    3,000 sqft

    Warehouse building includes overhead doors, multiple vehicle lifts, and fenced parking, with permits for gas station and auto repair.

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    Historic Bank Building with Skylight
    Historic Bank Building with Skylight

    1665 Main St, Springfield, MA 01103

    Contact for pricing
    1,608 sqft

    Historic bank space with soaring ceilings and a large skylight, plus a decommissioned vault and back area.

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    Downtown First-Floor Flex Space
    Downtown First-Floor Flex Space

    1675 Main St, Springfield, MA 01103

    Contact for pricing
    1,909 sqft

    First-floor restaurant, retail, or office space available with potential to include an existing hood and sink.

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    Turnkey Restaurant with Liquor License
    Turnkey Restaurant with Liquor License

    1633 Bay St, Springfield, MA 01109

    $600,000
    0.11 AC lot

    Restaurant for sale with property, business, and liquor license.

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    Standalone Retail Building
    Standalone Retail Building

    1356 Boston Road, Springfield, MA 01119

    $475,000
    1,736 sqft

    Standalone retail building offering 1,736 SF and suited for sale or lease.

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    Open-Air Regional Power Center
    Open-Air Regional Power Center

    1655 Boston Rd, Springfield, MA 01129

    Contact for pricing
    232,006 sqft

    Newly constructed open-air regional power center leased to BJ's Wholesale Club and Hobby Lobby, 99% leased or committed.

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    Downtown Springfield Retail and Restaurant
    Downtown Springfield Retail and Restaurant

    1021 Main St, Springfield, MA 01103

    $599,000

    Retail and restaurant property in downtown Springfield for sale.

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    Established Restaurant Business and Property
    Established Restaurant Business and Property

    436 Parker St, Springfield, MA 01129

    $5,500,000
    2.05 AC lot

    Profitable Golden Corral franchise with real estate for sale.

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    Retail Redevelopment Corner Lot
    Retail Redevelopment Corner Lot

    671 State Street, Springfield, MA 01109

    $240,000
    420 sqft 0.34 AC lot

    Corner lot with existing building space and Business 1 zoning for mixed-use, retail, and office redevelopment.

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    Iconic Corner Property in Springfield
    Iconic Corner Property in Springfield

    988-994 Main St, Springfield, MA 01105

    $699,000
    0.11 AC lot

    Prime location with storefronts, residential opportunity, and parking.

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    Multi-Building Automotive and Restaurant Site
    Multi-Building Automotive and Restaurant Site

    824 Berkshire Ave, Springfield, MA 01151

    $595,000

    Three buildings include a restaurant, an established auto dealership, and an auto body shop on a corner.

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    Iconic Corner Property in Springfield
    Iconic Corner Property in Springfield

    988 Main St, Springfield, MA 01105

    $699,000
    0.11 AC lot

    Prime location near MGM Casino with high visibility and foot traffic.

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    Automotive Service Garage with Three Bays
    Automotive Service Garage with Three Bays

    182 Hancock, Springfield, MA 01109

    $200,000

    Automotive property with three service bays, in-ground hydraulic lifts, office space, bathroom, and gated dual street access.

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    Redevelopment Site with Office/Retail
    Redevelopment Site with Office/Retail

    460 Main Street, Springfield, MA 01151

    Contact for pricing
    4,000 sqft

    Two land parcels include a 4,000 sq ft office/retail building intended for teardown for future retail development.

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    First-Floor Office or Retail Suite
    First-Floor Office or Retail Suite

    1365 Main St # 130, Springfield, MA 01103

    Contact for pricing
    1,497 sqft

    First-floor suite with glass frontage, multiple entrances, and existing offices, conference rooms, and reception.

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    Retail Property in Springfield, MA
    Retail Property in Springfield, MA

    1027 E Columbus Ave, Springfield, MA

    Contact for pricing
    2,442 sqft 0.12 AC lot

    Retail property for sale in a high-traffic Springfield location.

    View details

    Springfield, MA Retail Properties & Spaces Market Trends and Statistics

    Explore 72 retail properties & spaces for sale in Springfield, MA, showcased through 35 active listings on our real estate platform. These investment opportunities span a total of 426,174 square feet of properties for sale, with an estimated market value of $19,327,900.

    Sale prices for stores in Springfield, MA start at $200,000, averaging $1,017,257, and reaching up to $5,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 23
    Shopping centers 11
    Auto shops 8
    Automotive properties 8
    Banks 4

    Demographics Overview

    Population 171K
    Population Growth (5Y) +1.4%
    Median Household Income $60,860
    College Educated 19.9%

    High-Yield Neighborhoods for Investment

    Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Indian Orchard $689K
    Springfield $1.1M
    Wheaton $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 3.26%
    Property Tax per SF $40.45 per SF
    Tax Rate vs County Average 0.49 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hampden County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Springfield, MA

    • 01103
    • 01109
    • 01119
    • 01129
    • 01151
    • 01105
    • 01108
    • 01104
    • 60187

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