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Former Sears Box at University Park 6501 Grape Rd

212,021 SF Retail Building Mishawaka, IN 46545 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 ±187,271 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
Department Store
Building Size
212,021 SF
Building Class
B
Year Built
1978
Tenancy
Single
Number of Floors
2
Building FAR
0.30
Lot Size
16.26 AC
Zoning
MX - Mixed Use
Frontage
1,816 ft on Grape Road

Nearby Major Retailers

Five Guys Burgers & Fries
Flat Top Grill
Gloria Jean's Coffee
Starbucks
Wings Etc.
LongHorn Steakhouse
Olive Garden
Steak ‘n Shake
Fresh Thyme Farmers Market
KeyBank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
71-04-28-154-002.000-005
Land Assessment
£2,195,599
Improvements Assessment
£2,065,633
Total Assessment
£4,261,232
  • Listing ID: 34357106

  • Date on Market: 03/01/2025

  • Last Updated:

  • Address: 6501 Grape Rd, Mishawaka, IN 46545

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