523 James St Chicopee — Photo 1 of 7
Recent Drop: $50,100
$299,900
Investment Analysis — 523 James St
Chicopee, MA 01020
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 2.25% cap rate and $6,745/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.
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Prime commercial property on Memorial Drive/Rt 33, adjacent to CVS. This versatile land includes an existing structure that has been gutted and can be further rehabbed into a business or removed. The site offers flexible development options, including potential for a new commercial building or a drive-thru facility, pending city approval. The attached plot plan and front elevation images showcase possible configurations. Conveniently located in a high-traffic area, the property is available for sale, lease, or build-to-suit. Don't miss this opportunity to establish your business in a strategic location with multiple development possibilities. Seller is an established builder willing to build-to-suit an office building such as the one included in the pictures, or rehab the existing building. Bring your ideas and explore endless possibilities here!
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 MLS and other third-party data may be inaccurate or out of date.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
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Building & Exterior
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Property History
$299,900
Was $325,000
Aug 4, 2026
MLS® 73486217
$325,000
Was $350,000
Apr 4, 2026
MLS® 73486217
$350,000
Mar 12, 2026
MLS® 73486217
$350,000
Feb 28, 2026
MLS® 73464041
$350,000
Feb 28, 2026
MLS® 73375781
$350,000
Dec 29, 2025
MLS® 73464041
$350,000
May 15, 2025
MLS® 73375781
Listing Agent: Authier Laduke Team
Listing Office: Coldwell Banker Realty - Western MA
MLS® Number: 73486217