Commercial Real Estate in Springfield | Reonomy

Commercial Real Estate in Springfield

Unlock property data on 18,817 commercial properties in Springfield. Search through Springfield property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Reonomy attracts a large community of Springfield commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.

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Springfield commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Massachusetts Springfield
Average price/sqft -- -- --
Average sold price $767,291 $1,284,280 $549,959
Median sold price $88,201 $371,507 $217,069
Number of sales 4,826,142 46,127 1,654
Number of sales over $250k 1,544,858 29,031 589
Number of sales over $1m 397,601 7,211 94
Number of sales over $10m 58,743 737 9
Average total tax amount $5,395 $12,619 $6,780
Average assessed value $235,964 $835,630 $293,247
Average market value $321,613 $835,671 $293,247

Springfield commercial real estate property averages

Property averages United States Massachusetts Springfield
Average lot size 889,211 sf 107,185 sf 21,236 sf
Median lot size 28,584 sf 8,581 sf 6,088 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1972 1916 1921
Average number of units 18 4 3
Median number of units 2 2 2

Springfield commercial real estate total supply

Supply United States Massachusetts Springfield
Number of parcels 140,685,522 738,280 18,817
Aggregate lot acerage 784,164,730 1,112,408 5,933
Aggregate building area -- -- --
Aggregate units 99,105,763 1,290,205 33,850

Springfield commercial real estate industrial mortgages

Debt United States Massachusetts Springfield
Number of mortgages 42,096,805 1,756,731 55,474
Average value of mortgages $6,223,903 $1,088,042 $818,920

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