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485 Main St 4,866 SF 100% Leased Retail Building Springfield, MA 01151 $560,000 ($115.08/SF)
EXECUTIVE SUMMARY
Mixed-use commercial and residential building for sale in Springfield’s Indian Orchard neighborhood. The building is currently arranged as first-floor office space with a second-floor apartment. The property includes an oversized paved parking lot and multi-car detached garage. Many cosmetic and mechanical updates recently made. Located on high-visibility Main Street, convenient to Ludlow, Wilbraham, and other Springfield neighborhoods. Great owner-occupant or investment property with potential for further development.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,866 SF
Building Class
C
Year Built
1920
Price
$560,000
Price Per SF
$115.08
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.16
Lot Size
0.72 AC
Zoning
B1
Frontage
291’ on Main St
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | SPRI-008132-000000-000168 | Improvements Assessment | $178,000 |
| Land Assessment | $198,100 | Total Assessment | $376,100 |
PROPERTY TAXES
Parcel Number
SPRI-008132-000000-000168
Land Assessment
$198,100
Improvements Assessment
$178,000
Total Assessment
$376,100
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485 Main St
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