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1609-1625 W. University Avenue, Muncie, IN 47303

Commercial property for lease

  • Description
  • Located in the Village on University Ave., this highly desirable location is in a high walk traffic area with great access to the 22,000 students that attend Ball State and the employees and patients that frequent Indiana University Ball Memorial Hospital. To the east and south, The Village is surrounded by neighborhood residential. The center has recently experienced significant renovation since new ownership purchased it in April 2011. A new roof was installed over the center section of the building, the apartments above the west buildings were completely renovated, upgraded electrical and plumbing, and a new facade is expected in Spring 2012. The property is currently composed of 12 different suites. The following tenants currently occupy the center; Highly Rated Sushi Restaurant, Cleos Bar & Grill, Cardinal Cupcakes, Dill Street Bar, and Little Chicago's Pizza. Square footage for remaining 6 spaces varies from 1500 sf to 5200 sf with the the potential for over 8,380 sf maximum contiguous. Plenty of parking is available in the attached 105 space lot in the rear. Rental rates vary between $8/sf - $18/sf depending on location, lease term, and required tenant build out. Several former dining establishments, salon and spas, and professional offices were located on the property. Current spaces are ideal for dining, professional office, or student related services or retail. NNN charges are estimated to total $3.30/sf (taxes, insurance, CAM).
  • Property Details
  • Building Name: University Square
    Property Type: Retail
    Use Types: Street Retail
    Status: Available
    MSA: Muncie
    Zoning: BL-Limited Business
    Buildings: 1
    Added: 09/05/2011
    Last Update: 12/29/2012
  • Spaces Available

    Space 1

    Space Available: 11,273 SF
    Rental Rate: $13.00 SF/Year
    Lease Type: NNN
    Min Divisible: 1,226 SF
    Max Contiguous: 11,273 SF
    Occupancy: Vacant
    Added Date: 22 May, 2013
  • Contact info
  • 317-236-7117 [Office]
  • Note

  • Details Info about this row that located on 1609-1625 W. University Avenue, Muncie, IN 47303 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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