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    Springfield, MA Storefront Properties for Sale

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    Chicopee, MA West Springfield, MA Agawam, MA East Longmeadow, MA Holyoke, MA Ludlow, MA Wilbraham, MA Longmeadow, MA
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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
    View Property Analytics
    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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    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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    Springfield Redevelopment Opportunity
    Springfield Redevelopment Opportunity

    8-10 Stearns Sq, Springfield, MA

    $387,500
    7,317 sqft 0.17 AC lot

    7,317 SF building in Springfield's Dining District for sale.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Retail Property in Springfield, MA
    Retail Property in Springfield, MA

    1027 E Columbus Ave, Springfield, MA

    $495,000
    2,442 sqft 0.12 AC lot

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

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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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    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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    Mixed-Use Property with Income Potential
    Mixed-Use Property with Income Potential

    774-776 Liberty St, Springfield, MA 01104

    $330,000
    0.05 AC lot

    Investment property featuring a barbershop and a three-bedroom apartment.

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    Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 8 Active listings in Springfield, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Storefront with Two Drive-In Doors
    Retail Storefront with Two Drive-In Doors

    51 Enfield St, Enfield, CT 06082

    $300,000
    1,305 sqft 0.35 AC lot

    Retail storefront with two 1020 drive-in doors and 0.35 acres near I-91 Exit 49.

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    Multi-Use Retail Property with Parking
    Multi-Use Retail Property with Parking

    636 College Hwy, Southwick, MA 01077

    $1,550,000
    4.90 AC lot

    Two-building retail property operating as an established florist, with large parking and substantial frontage for flexible use.

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    Prime Commercial Property on Highway
    Prime Commercial Property on Highway

    691 College Hwy, Southwick, MA 01077

    $350,000
    0.92 AC lot

    High-visibility commercial property suitable for various business uses.

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    Mixed-Use Property with Apartment Building
    Mixed-Use Property with Apartment Building

    740 Enfield Street, Enfield, CT 06082

    $775,000
    9,718 sqft 0.22 AC lot

    4,000 SF commercial building with apartments and storefronts.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Five Acre Commercial Corner
    Five Acre Commercial Corner

    214 Feeding Hills Rd, Southwick, MA 01077

    $851,000
    5.00 AC lot

    Commercial land with development potential on a corner lot.

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    East Granby Commercial Land Opportunity
    East Granby Commercial Land Opportunity

    3-1 S South Main St, East Granby, CT 06026

    $399,900
    2.00 AC lot

    Almost 2-acre commercial land with development potential in East Granby.

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    Prime Commercial Pad Site Opportunity
    Prime Commercial Pad Site Opportunity

    395 Hartford Tpke, Vernon, CT 06066

    Contact for pricing
    0.66 AC lot

    Highly visible commercial pad site on heavily traveled Route 30.

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    Versatile Lot Near Downtown
    Versatile Lot Near Downtown

    124 Rockwell Street, Winchester, CT 06098

    Contact for pricing
    0.44 AC lot

    Prime 0.44-acre lot near downtown with city utilities available.

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    Off-Market Properties in Springfield, MA

    Consider similar Off-Market properties in Springfield, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    911 Belmont Ave
    Individual retail properties

    911 Belmont Ave, Springfield, MA 01108

    Value Estimation by Request
    12,476 sqft 0.39 AC lot
    View details
    1886 Allen St
    Restaurants

    1886 Allen St, Springfield, MA 01118

    Value Estimation by Request
    4,050 sqft
    View details

    Springfield, MA Storefront Properties Market Trends and Statistics

    Explore 10 storefront properties for sale in Springfield, MA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 28,269 square feet of properties for sale, with an estimated market value of $3,420,500.

    Sale prices for retail units in Springfield, MA start at $387,500, averaging $684,100, and reaching up to $1,250,000 — 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 16
    Shopping centers 14
    Banks 6
    Grocery and convenience stores 6
    Automotive properties 1

    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
    Springfield $644.3K
    Indian Orchard $689K
    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
    • 01104
    • 01105
    • 01151
    • 60187

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