$1,199,000
About this home
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.
Property details
- MLS
- MLS Property Information Network
- MLS #
- 73598428
- Property type
- Commercial Sale
- Subdivision
- N/A
- Status
- Active
- Days on market
- 1
- On market date
- November 3, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.49 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 444
- Student:teacher ratio
- 13.5:1
- District
- Chicopee
- Enrollment
- 753
- Student:teacher ratio
- 13.7:1
- District
- Chicopee
- Enrollment
- 243
- Student:teacher ratio
- 11.6:1
- District
- Paulo Freire Social Justice Charter School (District)
Walkability
Blended score for Chicopee's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Chicopee, from live MLS data.
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Data source: Listing information provided by MLS Property Information Network. Last updated 1 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.