1036 Chicopee St Chicopee — Photo 1 of 33
$589,900
Investment Analysis — 1036 Chicopee St
Chicopee, MA 01013
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a home in 01013 carries an estimated $1,120/mo in gross rent — about a 1.00% cap rate and $5,915/yr in estimated NOI at the $589,900 list price. Adjust every assumption in the calculator below.
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Style
Other
Built
1956
Explore the potential of this adaptable mixed use building, strategically located in Chicopee's bustling center. This property offers a prime location. Positioned for high foot traffic & easy customer access, w/ strong visibility & convenience. It has a spacious interior w/ 1,450 square feet of versatile space, accommodating various business needs, from retail setups to wellness studios. There is ample storage space in the basement. The flexible open layout allows for seamless customization, catering to different business models or creative setups. Equipped w/ two bathrms & comprehensive insulation for comfort & practicality. Potential uses include: retail store for a diverse array of merchandise, collaborative co-working space to meet the demands of modern professionals, showcase venue for local artists or galleries, or a fitness studio, such as yoga or dance. Upstairs find TWO apartments currently rented and outside six garages all rented as well. An IMMEDIATE revenue stream. This property presents a SOLID opportunity in a prime location, offering adaptability to a variety of concepts.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Property History
$589,900
Aug 23, 2026
MLS® 73567090
$589,900
Aug 10, 2026
MLS® 73561591
$2,200
May 26, 2026
MLS® 73524086
$279,900
Jun 30, 2011
MLS® 70928282
$279,900
Jun 1, 2009
MLS® 70928282
Listing Agent: Liane Sikes
Listing Office: Lock and Key Realty Inc.
MLS® Number: 73561591