109-121 Chestnut St
Springfield, MA 01103
Retail Property For Sale

Location Overview: Springfield sits on the eastern bank of the Connecticut River. Between the Springfield downtown core and the former Springfield Armory (now Springfield Technical Community College) is home to the Union Railroad Station redevelopment (completed June 2019) and the newly completed Federal Court House. The entrances to the major North/South Interstate I-91 and the major East/West Interstate I-90 are minutes from the Birnie Building property. The recently constructed MGM Springfield Hotel and Casino is open and only a ±5 minute walk from the subject property. Also walking distance from the property is Springfield Union Station and a state of the art regional intermodal transit center with local and long-distance buses and a new parking garage. Offering Amtrak rail service, it also includes office, retail and restaurant space which has been leased. Bradley International Airport is only ±14 miles from this property. And, located in the heart of downtown Springfield just two blocks from the Birnie Building is The Quadrangle which is home to the city’s 5 Museums and the Planetarium. Tax Benefits for Redevelopment & Investment: • MassDevelopment has offered tax-exempt bond financing with the possibility of loan guarantees and limited recourse. • Given its location in a federally designated historic district, the Birnie Building is eligible for historic rehabilitation tax credits, 20% federal and 10% state. • The property is also eligible for the federal New Markets Tax Credits of 39%. • Opportunity Zone!