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181-187 Chestnut St, Springfield MA 01103

Active

181-187 Chestnut St, Springfield MA 01103

Commercial Sale

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 Springfield’s downtown Business Improvement District. The property offers approximately $183,000 in potential 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 sprinklered, with separate utilities, beautifully maintained common areas, high ceilings, oversized windows and excellent Chestnut Street visibility. The location continues to strengthen. The Commonwealth has selected nearby 125 Liberty Street for the new Roderick L. Ireland Regional Justice Center, a major long-term investment in this section of downtown Springfield. The courthouse site is only several blocks from the property and is visible from the building, creating a compelling opportunity for an investor to own income-producing real estate in the path of significant public investment. The property is also convenient to Union Station, downtown employers, restaurants, entertainment and major regional transportation routes. With a diversified rent roll consisting of eight residential units and three established commercial tenants, 181–187 Chestnut offers investors an opportunity to acquire a stabilized mixed-use asset with strong current income and a location positioned to benefit from continued downtown investment.11 Units | 3 Commercial + 8 Residential | $183,000 potential Gross Annual Rent | 11,628 SF | $1,988,000 Asking Price | Downtown Springfield | New Regional Justice Center Nearby.

This home has been viewed 17 times

Last Checked: September 18th, 2026 at 8:43am (Source: MLS PIN #73578807)

General Information for 181-187 Chestnut St, Springfield MA 01103

Listing ID73578807

Property TypeCommercial Sale

Price$1,980,000

Style

CitySpringfield

CountyHampden

Neighborhood(s)

ZoningB3

Year Built1875

Disclosures for 181-187 Chestnut St, Springfield MA 01103

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Special Listing Conditions

ExclusionsWine Fridge. Small Floating Wood Shelves

Compensation Based On

Contact Information for 181-187 Chestnut St, Springfield MA 01103

Agent

Name: Anthony Ardolino

Office

Name: Berkshire Hathaway HomeServices Realty Professionals

Phone: 413-596-6711

Exclusive Listing Agent

Berkshire Hathaway HomeServices Realty Professionals

Anthony Ardolino

Agent Phone

Office Phone

(413) 596-6711

Text Agent Call Agent Call Office

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EXIT

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