520 Chicopee St Chicopee — Photo 1 of 1
$139,900
Investment Analysis — 520 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 6.48% cap rate and $9,059/yr in estimated NOI at the $139,900 list price. Adjust every assumption in the calculator below.
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**ATTENTION BUILDERS & INVESTORS — SHOVEL-READY DEVELOPMENT OPPORTUNITY!** Highly visible development site located at **520 Chicopee Street (Route 116)** along a heavily traveled commercial corridor in Chicopee. Surrounded by a mix of commercial and residential properties and conveniently located near **I-391 with easy access to I-91**.A **Special Permit Approval is already in place** for construction of a mixed-use building featuring **Business A space on the ground level and two residential apartments on the second floor**. **Full building plans are in hand**, helping take much of the guesswork out of the development process.The property offers **public water, public sewer, excellent visibility and convenient highway access**. With approvals and plans already in place, this is an outstanding opportunity for a builder or investor looking for their next project.Lets Get Started — this property is shovel ready!**
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 MLS and other third-party data may be inaccurate or out of date.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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Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Highway Access • House of Worship
Geography
Property History
$139,900
Sep 9, 2026
MLS® 73573847
$79,900
Jul 10, 2010
MLS® 71062461
$79,900
Jul 10, 2010
MLS® 71062450
$79,900
Apr 10, 2010
MLS® 71062461
$79,900
Apr 10, 2010
MLS® 71062450
Listing Agent: Chester Ardolino
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73573847
