About this home
A rare opportunity to own a distinctive, multi-level commercial property in downtown Chicopee, offering a combination of existing commercial space, income potential, and exciting redevelopment possibilities. The property features multiple retail storefronts on the first floor, providing excellent opportunities for retail, service-oriented businesses, and other commercial uses. The second floor offers 10+ individual commercial and office units, creating the potential for multiple tenants and diversified rental income. Adding to the property’s unique appeal is a substantial former theater space. Rich in character and architectural charm, this expansive space offers an opportunity for a visionary owner, investor, or developer to re-imagine its use. With its combination of street-level retail, second-floor commercial units, and a large former entertainment venue, The Elms Building presents an opportunity to acquire a property with multiple income streams and significant potential for repositioning, redevelopment, or adaptive reuse.
Listing last checked: Listing updated:
Listed by Alisa Feliberty · Pioneer CRE · MLS #73598428
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Details at a glance
Interior1 property facts
- Basement
- Not reported
Building2 property facts
- Style
- Other
- Year built
- 1935
Land & utilities3 property facts
- Lot size
- 0.49 acres
- Pool
- Not reported
- Zoning
- 101
Financial2 property facts
- Annual taxes
- $23,117
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,199,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$7,989 / monthAdjust
- Principal & interest
- $6,063
- Property tax
- $1,926
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $23,117. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Exp
$1,250,000 · Aug 5, 2025
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About 43 Springfield St
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