Listed by CBRE - Oak Brook
Unpriced
University Park Mall
Details
Property Type Retail
Sub Type Storefront
Square Footage 187,271
Tenancy Vacant
Year Built 1978
Stories 2
Acreage 16.320
Zoning C-2
Parking Spaces 970 spaces
Parking Per SqFt 5.18
Investment Type Value Add
Ownership Fee simple
Former Sears at University Park Mall
Marketing description
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.
Investment highlights
- The Trade Area for University Park Mall Former Sears is derived using CBRE’s proprietary Dimension program. This utilizes cell phone data to provide the area of residence from which a customer travels to the subject property. The trade area is then defined by narrowing the collected data to capture an area that contains at least 70% of customers from a given direction to provide a baseline trade area penetration.
- Within the trade area there is an estimated population of 349,872 residents. The daytime population is robust with 182,671 workers and residents signaling increased traffic to the Property
- Residents within the trade area have strong purchase power with an average household income of $87,533. The average household income is expected to grow 14% over the next five years.
- The employment rate is 96% and the daytime population in the trade area is 169,480 signaling the high work force environment in the area.
Listing Contacts
Listed by CBRE - Oak Brook
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Map
Zoning
C-2 CommercialRetail CommercialShopping Center Commercial
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View all 83 uses Last updated Mar 13, 2026 For deeper zoning details, reports are available at Zoneomics
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