On the market: DeSoto Square Mall

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BRADENTON -- The DeSoto Square Mall will be up for auction this week.

Its popularity has been diminishing. That's in large part due to the presence of the new mall at University Town Center, which is set to open in October. And a premium outlet center is just eight miles north in Ellenton.

In late June, ABC 7 spoke with Dennis Dahm, director of the commercial division at Michael Saunders & Company. He says there are so many options if the property is auctioned off.

“You're two miles from the hospital,” Dahm said. “It would be a wonderful place to have upscale apartments, but on an affordable basis.”

Many retailers like Foot Locker, Hallmark and Old Navy have left the mall in recent years. Dahm told ABC 7 that he believes that area still has the need for shopping options.

The DeSoto Square Mall is located at 303 301 Boulevard W. in Bradenton. Monday's auction will have a starting bid of $9 million.