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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.

More Info

Basic Information

  • Mls StatusActive
  • Parcel Number M:0097 B:00032 L:0000,2498976

Tax Information

  • Tax Year 2026
  • Taxes$23,117

Basic Information

  • List Price$1,199,000
  • MLS Number73598428
  • Modification Date11/07/2026

Location

  • Address43 Springfield Street
  • Building Number43
  • CountyHampden
  • StateMA
  • StreetSpringfield Street
  • TownChicopee
  • Zip01013

Building

  • Building Area Units Square Feet
  • Year Built1935

Property

  • Acreage0.49

Property Information

  • Living Area 21,706
  • Lot Size Square Feet 21,190
  • Lot Size Units Acres
  • Square Feet21,706

Legal

  • Zoning101
  • Zoning Description Other (See Remarks)

Other

  • Date Listed11/04/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Alisa Feliberty of Pioneer CRE

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