Adrian Mall opened on September 3, 1970. At the time, the mall included Sears and F. W. Woolworth Company as its anchor stores, with JCPenney opening as the third anchor in April 1971. In 1985, the mall underwent a $1.5 million renovation, which included the addition of an Elder-Beerman department store. The mall underwent several ownership changes in the 2000s. General Growth Properties bought it in 2002, CBL & Associates Properties bought it in 2008, and it was sold again to Jones Lang LaSalle in 2010. In December 2014, Texas-based Tabani Group purchased the Adrian Mall for an undisclosed amount. A firm spokesman said it planned to make the mall a premier shopping destination and hoped to form partnerships with area businesses and organizations. The mall lost several merchants in 2009, including Waldenbooks and one of the last Sam Goody stores. Sears closed in 2012. In 2013, renovation plans were announced, which included the conversion of part of the Sears store into a Hobby Lobby. The plans also included the introduction of a Buffalo Wild Wings, as well as the expansion of MC Sports' existing store. JCPenney announced the closure of its Adrian Mall store in January 2015. Dunham's Sports took over the former JCPenney wing, which includes the MC Sports store that had closed in late 2015. Dunham's Sports had a grand opening on May 20, 2016. Elder-Beerman closed in April 2018 due to Bon-Ton Stores filing for bankruptcy. In 2019, Kohan Retail Investment Group bought the mall. Under the new ownership, new locally-owned businesses started to open in the mall. In March 2020, the mall was almost condemned due to serious roof issues, water damage, and other problems, but the mall pulled a permit for a roof replacement, allowing them to stay open. Although the conditions for the mall staying open were a complete roof replacement by April 11, little work was done, and in the face of worsening issues the mall was condemned on June 16, 2020. The mall was given until July 31to fix the issues or be closed permanently. Hobby Lobby and Dunham's Sports were not affected, and were allowed to remain open. On July 5, 2020, Corta Development, which purchased the former Sears building, announced that the portion not occupied by Hobby Lobby will be remodeled and expanded to become Ollie's Bargain Outlet.