6301-6351 University Commons
South Bend, IN 46635 ·
99,980 SF · Retail For Sale
|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|
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.
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