1609-1625 W. University Avenue, MUNCIE, IN 47303
Commercial property for lease
Contact info
- 317-236-7117 [Office]
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
- Type: Retail
- Use Types:Street Retail
- Status: Available
- MSA: Muncie
- Zoning: BL-Limited Business
- Buildings: 1