181-187 Chestnut St
Springfield, MA 01103

$1,880,000

41 Photos

SCHEDULE A PRIVATE TOUR Call Print Email

Listing Details

$1,880,000
MLS# 73578807
Type Commercial - Business
Status Active

0.121 acres
Lot Size
1875
Year Built

MAP LISTING SHARE

Listed By

Agency Name: Berkshire Hathaway HomeServices Realty Professionals
Agent Name: Anthony Ardolino
Agency Phone: 413-596-6711

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

Home Value Estimate

Description

Exceptional Downtown Springfield Mixed-Use Investment Opportunity. 181??187 Chestnut Street is a well-maintained 11-unit mixed-use asset consisting of three street-level commercial spaces and eight one-bedroom apartments in the heart of Springfields downtown Business Improvement District. The property offers approximately $183,000 in gross annual rental income at full occupancy, reflecting substantial rent growth and improved income performance. The approximately 11,628-square-foot historic brick building has undergone significant renovation and offers an attractive combination of residential and commercial income. The building is fully...read more

Features

$21,013 Taxes
Built in 1875

Gallery