Faced with aging membership, a shortage of younger replacements, and a decrease in both events and revenue, the realty trust that owns the ITAM Lodge on Waubeek Road on Pontoosuc Lake has reluctantly put its home for the last 40 years on the market.

The 16,000-square-foot, two-story structure, home to Sons of Italy ITAM Lodge 564, whose roots date back to 1915, is being offered for $1.7 million by Tucker Associates of Pittsfield. The building was constructed in 1973; the site has served as the ITAM Lodge's home since 1967. The lodge purchased the 41/2 acre site, which includes 300 feet of frontage on Pontoosuc Lake, in 1968 (it formerly served as the home of the Breezy Knoll Inn).