3900 Research Park Drive

3900 Research Park Drive, Ann Arbor, MI 48108

Off-Market

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  • Property Type Office - R&D - Office
  • Property Size 44,525 SF
  • Lot Size 5.49 Acre
  • Parking Spaces Avail. 130
  • Parking Ratio 2.93/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2018

Location

  • Walk Score ® Car-Dependent (26)
  • Transit Score ® Some Transit (31)
  • Bike Score ® Somewhat Bikeable (47)
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Clinton-George
  • Zip Code 48108
  • Market Detroit

Points of Interest

Ann Arbor

3.68 miles

Citgo

0.33 miles

Mobil

0.45 miles

BP

0.47 miles

Speedway

0.49 miles

Costco Gasoline

0.56 miles

Shell

0.70 miles

Shell

1.62 miles

Meijer

1.72 miles

Citgo

1.74 miles

Ann Arbor Supercharger

1.76 miles

SC 43

0.26 miles

U-M Lot SC34

0.95 miles

State Street Park and Ride

1.01 miles

Eisenhower Center Parking

1.17 miles

Pittsfield Preserve Nature Area Trailhead

2.01 miles

Glick

2.05 miles

U-M Lot SC7 (Crisler Center)

2.07 miles

U-M Lot SC6 (Crisler Center)

2.15 miles

Lot SC 16

2.18 miles

U-M Lot SC5 (Crisler Center)

2.24 miles

Hampton Inn Ann Arbor, South

0.29 miles

Holiday Inn Express - University South

0.31 miles

Red Roof Inn

0.34 miles

Comfort Inn & Suites

0.36 miles

Fairfield Inn Marriott

0.37 miles

Staybridge Suites

0.39 miles

Courtyard Marriott

0.39 miles

Sheraton Ann Arbor Hotel

0.42 miles

Extended Stay America

0.43 miles

Hyatt Place

0.45 miles

Subway

0.34 miles

Mark's Mid-Town Coney Island

0.34 miles

Black Rock

0.38 miles

Burger King

0.41 miles

Jimmy John's

0.44 miles

Taco Bell

0.45 miles

Graham's Restaurant

0.47 miles

Wendy's

0.47 miles

Buffalo Wild Wings

0.48 miles

Seoul Garden

0.49 miles

Preschool and Family Center

0.86 miles

Bryant Elementary School

0.92 miles

Pathways Campus

1.05 miles

Central Academy

1.05 miles

Daycroft Montessori School

1.09 miles

Clonlara School

1.32 miles

Pattengill Elementary School

1.55 miles

Allen Elementary School

1.63 miles

Saint Francis of Assisi School

1.89 miles

Tappan Middle School

1.98 miles

Little Lamb Nursery & Kindergarten

1.36 miles

Annie's Children's Center

2.15 miles

Kozy Heart Daycare Center

2.20 miles

Towsley Chidren House

2.65 miles

Gretchen's House

2.83 miles

Explorer Child Care Learning Center

2.87 miles

Gretchen's House

3.02 miles

The Discovery Center

3.50 miles

Green Apple Garden Upper Playschool

3.53 miles

Little Angels Daycare

4.55 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Ann Arbor

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Ann Arbor Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $26.44
  • 2020 Office Vacancy Rate 9.25%
  • 2020 Office Completions (SF)

Ann Arbor Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $155.98
  • Y-o-Y Avg. PpSF Change -23.34%
  • 2020 Office Sales Volume $42.5M
  • 2020 Number of Transactions 4
View more Ann Arbor market trends

Tax

  • Property Tax in 2022 $197,592
  • Market Value* $5,744,400
  • Assessed Value $5,744,400

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 3900 Research Park Drive?

3900 Research Park Drive totals 44,525 square feet.

When was this property built?

3900 Research Park Drive was built in 2018.

What is the property tax for 3900 Research Park Drive?

The property tax for 3900 Research Park Drive in 2022 was $197,592.

What is the market value for 3900 Research Park Drive?

The market value* for 3900 Research Park Drive in 2022 was $5,744,400.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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