3985 Research Park Drive

Off-Market

3985 Research Park Drive, Ann Arbor, MI 48108

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 33,560 SF
  • Lot Size 3.05 Acre
  • Parking Spaces Avail. 88
  • Parking Ratio 2.65 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1971

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Date 29 Jan, 2019
  • 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.

  • 2022 Avg. Asking Rent $25.02
  • 2022 Office Vacancy Rate 22.34%
  • 2022 Office Completions (SF)
View more Ann Arbor market trends

Location

Getting Around

  • Walk Score ®

    37/100 Car-Dependent
  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Clinton-George
  • Zip Code 48108
  • Market Detroit

Points of Interest

  • Ann Arbor

    4.03 miles

  • Speedway

    0.20 miles

  • Citgo

    0.43 miles

  • Costco Gasoline

    0.46 miles

  • Mobil

    0.75 miles

  • BP

    0.75 miles

  • Shell

    1.03 miles

  • Meijer

    1.79 miles

  • Shell

    1.80 miles

  • Citgo

    1.80 miles

  • Ann Arbor Supercharger

    1.83 miles

  • SC 43

    0.50 miles

  • U-M Lot SC34

    1.28 miles

  • State Street Park and Ride

    1.33 miles

  • Eisenhower Center Parking

    1.45 miles

  • Pittsfield Preserve Nature Area Trailhead

    1.77 miles

  • Glick

    2.40 miles

  • U-M Lot SC7 (Crisler Center)

    2.40 miles

  • U-M Lot SC6 (Crisler Center)

    2.49 miles

  • Lot SC 16

    2.51 miles

  • U-M Lot SC5 (Crisler Center)

    2.57 miles

  • Staybridge Suites

    0.22 miles

  • Holiday Inn Express - University South

    0.29 miles

  • Hampton Inn Ann Arbor, South

    0.65 miles

  • Red Roof Inn

    0.66 miles

  • Comfort Inn & Suites

    0.66 miles

  • EVEN Hotels

    0.69 miles

  • Kensington Court Hotel

    0.70 miles

  • Fairfield Inn Marriott

    0.74 miles

  • Courtyard Marriott

    0.75 miles

  • Sheraton Ann Arbor Hotel

    0.76 miles

  • Jimmy John's

    0.23 miles

  • Taco Bell

    0.29 miles

  • Black Rock

    0.33 miles

  • Mark's Mid-Town Coney Island

    0.37 miles

  • Subway

    0.44 miles

  • Graham's Restaurant

    0.70 miles

  • Burger King

    0.73 miles

  • Los Amigos

    0.77 miles

  • Ahmo's Gyros & Grill

    0.79 miles

  • Thai Spoon

    0.80 miles

  • Bryant Elementary School

    0.97 miles

  • Preschool and Family Center

    1.22 miles

  • Daycroft Montessori School

    1.34 miles

  • Pathways Campus

    1.38 miles

  • Central Academy

    1.42 miles

  • Clonlara School

    1.69 miles

  • Pattengill Elementary School

    1.90 miles

  • Allen Elementary School

    1.92 miles

  • Scarlett and Mitchell Schools

    2.18 miles

  • Lawton Elementary School

    2.23 miles

  • Little Lamb Nursery & Kindergarten

    1.59 miles

  • Kozy Heart Daycare Center

    1.88 miles

  • Annie's Children's Center

    2.38 miles

  • Towsley Chidren House

    3.01 miles

  • Explorer Child Care Learning Center

    3.02 miles

  • Gretchen's House

    3.07 miles

  • Gretchen's House

    3.32 miles

  • The Discovery Center

    3.74 miles

  • Green Apple Garden Upper Playschool

    3.86 miles

  • Little Angels Daycare

    4.57 miles

Frequently Asked Questions

What is the total square footage of 3985 Research Park Drive?

3985 Research Park Drive totals 33,560 square feet.

When was this property built?

3985 Research Park Drive was built in 1971.

When was 3985 Research Park Drive last sold?

3985 Research Park Drive was last sold on 29 Jan, 2019.

What is the market value for 3985 Research Park Drive?

The market value* for 3985 Research Park Drive in 2023 was $2,879,200.

*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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