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227 University Dr Granger, IN 46530

OFF-MARKET Strip malls Google Maps
19,536 SF Built 1995
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional Class A, single-story retail center, Time Square, offers three available suites totaling 6,000 square feet of vacant space within a 19,536 square foot building. Located in the heart of Mishawaka's vibrant retail trade area, this property boasts an ideal location less than half a mile from the prominent University Park Mall and a mere five minutes from I-80/90 Toll Road, Exit 83. The center benefits from exceptional traffic counts and strong demographics, anchored by Aladdin's Eatery and surrounded by a concentration of major retailers, including Menards, Super Target, Best Buy, Costco, and Ruth's Chris Steak House. This prime location is part of the University Park Trade Area (UPTA), a dominant retail market in northern Indiana and southwestern Michigan, encompassing nearly 4 million square feet of retail space, making it the second largest in the state. The property sits on a 2.6-acre lot, with individual suites ranging from a minimum of 1,500 square feet to a maximum contiguous space of 6,000 square feet. Built in 1995, this center is zoned C and features a single building with excellent visibility and accessibility. The property's address is identified by APN 71-04-28-276-003.000-005 in St. Joseph County. This is a unique opportunity to establish a presence in one of Indiana's most successful retail corridors, benefiting from the established success and high traffic volume of the surrounding area. The property is less than a mile from the 1 million square foot University Park Mall and just 10 minutes from the University of Notre Dame, ensuring a consistent flow of potential customers.

Property profile

Verified
Property type Strip malls
Year built 1995
Total area 19,536 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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