278-280 Main St, Springfield, MA 01105

$425,000

0 beds 0 baths 4,822 sqft Built 1951Active

About this home

Great opportunity to Owen the real estate and run a successful bar and lounge located on the busy Main Street in Indian Orchard. Fully equipped kitchen, full bar, eating area coolers, and entertainment space on the main level in addition to the dancing and a DJ area. Additional space located on the lower level can be used to accommodate multiple different ventures, such as a party rental venue ( currently used for storage). Fenced-in parking for 15-20 cars in the rear of the building. The seller might hold back a small mortgage.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment

$4,539/mo

Real estate (PITI + HOA + PMI): $4,125
Utilities: $650
Transportation: $144
Other (entertainment): $158

Your monthly budget

Budget$5,039/mo

Remaining after TLC$500/mo

Purchase price

$425,000

Down payment

$21,250 (5%)

Loan amount

$403,750

APR

7.2%

Quick facts

Type

COM

Style

—

Year built

1951

Lot size

0.17 ac

Stories

Heating

—

Cooling

—

Water

—

HOA

—

Annual tax

$7,713

MLS #

73161158

County

Hampden

Home features

Roof

Tar/Gravel

Neighborhood — 01105

Metric	This ZIP	County	USA
Population	13,123	6,444,931	299,088,112
Population Change Since1990	-12.00%	7.00%	20.00%
Population Density	8,386	786	—
Male	6,445	3,127,134	147,432,321
Female	6,678	3,317,797	151,655,844
Never Married	4,871	1,612,885	63,775,926
Married	1,962	2,586,314	123,120,365
Separated	1,324	247,857	12,639,686
Widowed	671	363,594	15,467,586
Divorced	1,267	436,888	23,075,029
Number Of House Hold	5,134	2,431,591	111,826,380
Average House Hold Size	2.38	2.56	2.60
Medial Age	29.38	37.25	35.46
Median House Hold Income	$20,157	$57,698	$48,276
Average House Hold Income	$35,243	$75,023	$63,629
P C I	$15,261	$29,196	$24,529
M D I	$18,800	$48,105	$41,133
A T H E	$34,974	$57,083	$50,898
S T R	5.00%	5.00%	—
W C J	81.14%	81.38%	77.74%

(Zip) Code

1105

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Walk Score

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Listing information last refreshed 9/20/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.