Context. The non-Gaussian Cold Spot surrounded by its hot ring is one of the most striking features of the cosmic microwave background (CMB) and has generated significant attention in the literature. It has been speculated that either new physics or the Integrated Sachs-Wolfe effect induced by the presence of a cosmic void at relatively high redshift could account for the observations. Aims. Here, we investigate if the newly discovered systematic decrease in the CMB temperature in the neighbourhood of nearby galaxies may create such a strong temperature depression. In particular, we note that the largest galaxy group complex in the local Universe, the Eridanus super-group with its neighbouring groups, is in the Cold Spot area. Our goal is to analyse observational galaxy data to characterise the neighbourhood of the Cold Spot, explore the properties of these galaxies, and thereby make a prediction of the galaxy induced CMB temperature decrement in this region. Methods. We used the Planck SMICA maps, and as foreground tracers, galaxies from the publicly available observational catalogues: 2MRS, 6dF, and HIPASS, which include information on redshifts, positions, magnitudes, and other astrophysical characteristics. We applied previously explored mean temperature profile shapes to model the expected temperature decrement from the galaxies in the Cold Spot area. Results. Even after correcting for the mean low temperature of the Cold Spot region, we find that the temperature decrement around galaxies is significantly stronger than the mean decrement in other parts of the sky. We discuss whether this could be attributed to the fact that the Cold Spot area coincides with one of the regions populated by the most HI deficient galaxies. Modeling the foreground temperature profile that is mainly associated with spiral galaxies in this location, we find a particularly strong temperature decrement due to the presence of the late-type overabundant largest group complex in the nearby universe. A Cold Spot shape that largely overlaps with the CMB Cold Spot is observed. Conclusions. We conclude that the coincidence of the only nearby spiral-rich group complex located in the Cold Spot region, and the success of the modelling performed, adds strong evidence to the existence of a local extragalactic foreground that may account for the observed temperature depression, alleviating the tension with the Gaussian field that is otherwise expected in the CMB.