In Springfield, Vermont, 199 Summer Street presents an extraordinary adaptive-reuse opportunity: a roughly 11,500-square-foot former school building set on approximately 2.5 acres.
Built around 1900, the substantial two-story structure retains a solid brick exterior, brick foundation, and slate roof, giving the building a distinctive historic institutional character.
199 Summer St, Springfield, Vermont — $200,000
9 bedrooms • 2 baths • 12,118 sq. ft. • Built 1900 • 2.5 acres • Former school building
With more than 12,000 square feet of total structure area, the property offers a scale rarely found at this price point, along with municipal water and sewer and established road access.
The current zoning and site configuration open the door to several possible directions, with concepts explored by the listing including approximately eight rental apartments, daycare or educational space, community-oriented uses, or a mixed-use project, subject to municipal and state approvals.
The surrounding 2.5 acres could potentially support an even broader residential concept, with the listing noting the possibility of approximately 12 smaller homes, again subject to the necessary permitting and approvals.
Inside, the building currently contains nine bedrooms and two full bathrooms, with substantial finished space above grade and additional lower-level area that could become part of a carefully planned redevelopment.
The property returned to the market in September 2026 at $200,000, after previously being offered at $239,000 earlier in the year.
For a developer, preservation-minded investor, or organization with a larger vision, 199 Summer Street is less a conventional home than a chance to give an old Vermont schoolhouse an entirely new purpose—while retaining the scale, materials, and physical presence of a building that has been part of Springfield for more than a century.
Daire Gibney,
Barrett and Valley Associates Inc. 802-875-2323
Listed by: Daire Gibney, Barrett and Valley Associates Inc. 802-875-2323