29 Grove Street Chicopee — Photo 1 of 9
Recent Drop: $32,099
$39,900
Investment Analysis — 29 Grove Street
Chicopee, MA 01020 — Chicopee Falls
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a home in 01020 carries an estimated $1,220/mo in gross rent — about a 26.69% cap rate and $10,647/yr in estimated NOI at the $39,900 list price. Adjust every assumption in the calculator below.
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Built
2024
Excellent business opportunity at 29 Grove St. in Chicopee! With over 1300 sqft, it is currently operating as a busy budget thrift store with an estimated 900 weekly customers and strong social media presence. Flexible commercial space includes 1 bathroom, large unfinished basement for storage, and permitted operating hours 7 days/week from 8 AM–10 PM. Month-to-month lease at $1,200/month with tenant responsible for electricity only. Tenant also receives 50% off use of the Polish banquet hall upstairs. Existing business, including a successful engraving operation, available for an additional $10,000. Prime location near transportation, restaurants, bars, and entertainment. Has parking for 75+ vehicles.
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 MLS and other third-party data may be inaccurate or out of date.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
$39,900
Was $59,999
Aug 26, 2026
MLS® 73516875
$59,999
Was $71,999
Jun 9, 2026
MLS® 73516875
$71,999
May 12, 2026
MLS® 73516875
Listing Agent: Aliyah Hildigunnarsson
Listing Office: Gallagher Real Estate
MLS® Number: 73516875