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6501 Grape Rd
Mishawaka, IN 46545
Former Sears Box at University Park · Retail Property For Sale
Investment Highlights
- Located four miles from the University serving as a destination spot for incoming and current residents
- The former Sears box is situated at the southwest end of University Park Mall.
- The vacant Sears box is located in a robust retail node, with over 3 million square feet of commercial retail space
- Within the trade area there is an estimated population of 349,872 residents.
- . The mall consists of 963,727 SF and is anchored by Macy's, JCPenney, and Barnes & Noble with 120 specialty shops.
- Flexible Zoning Ordinance and REA
Executive Summary
CBRE is pleased to present, as the exclusive advisor, the opportunity to acquire a 100% fee simple interest in the former Sears box at University Park Mall located in Mishawaka, Indiana. The Property is situated on ±16.32 acres of land with a ±212021-square foot, two-story, former Sears building connected to the southwest end of University Park Mall. Located four miles from the University of Notre Dame, the vacant Sears box presents a tremendous opportunity for future investors to acquire and re-tenant the existing building, or for the owner to reinvent the site to its highest and best use.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
212,021 SF
Building Class
B
Year Built
1978
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
16.26 AC
Zoning
MX - Mixed Use
Frontage
Property Taxes
| Parcel Number | 71-04-28-154-002.000-005 | Improvements Assessment | $1,053,100 |
| Land Assessment | $3,539,700 | Total Assessment | $4,592,800 |
Property Taxes
Parcel Number
71-04-28-154-002.000-005
Land Assessment
$3,539,700
Improvements Assessment
$1,053,100
Total Assessment
$4,592,800
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