This Retail Property is Off-Market.

6301-6351 University Commons
South Bend, IN 46635 ·

99,980 SF · Retail For Sale

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University Commons

Price N/A Occupancy 37%
Gross Leasable Area 99,980 SF Tenancy Multiple
Property Type Retail Year Built 1981
Property Sub-type Neighborhood Center Lot Size 9.06 AC
Property Use Type Investment Parking Ratio 4.60 / 1,000 SF
Listing ID: 16458033 Date Created: 11/04/2009 Last Updated: 11/04/2009

Description

REDEVELOPMENT OPPORTUNITY. University Commons consists of a 93,082 SF multi-tenant building including 10,168 SF of second story office/retail space and 3 outlot buildings totaling 6,898 SF. The center is currently 37% occupied and features and available 35,247 SF unit formerly occupied by Kroger. There are an additional 11 shop spaces totaling 27,477 SF available, providing the next investor the opportunity to enhance the property's value through lease-up or complete redevelopment.

University Commons is directly across State Route 23 from University Park Mall, a 861,000 SF super-regional mall anchored by JCPenney, Macy's, and Sears and featuring a new lifestyle component built in 2008. The campus of Notre Dame is located 2 miles southwest of University Commons. State Route 23 is a main thoroughfare that connects Notre Dame and downtown South Bend with communities to the north.

Research

6301-6351 University Commons, South Bend, IN 46635 (St Joseph County)

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