Briarwood Mall - JC Penney

Off-Market

500 Briarwood Circle, Ann Arbor, MI 48108

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  • Property Type Retail - Super Regional Mall
  • Property Size 169,169 SF
  • Lot Size 17.06 Acre
  • Property Tenancy Owner Occupied
  • Year Built 1973

Location

Getting Around

  • Walk Score ® 63/100 Somewhat Walkable
  • Transit Score ® 38/100 Some Transit
  • Bike Score ® 86/100 Very Bikeable
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Cranbrook Tower
  • Zip Code 48108
  • Market Detroit

Points of Interest

Ann Arbor

3.26 miles

Shell

0.75 miles

Ann Arbor Supercharger

0.92 miles

ChargePoint

3.26 miles

Sam's Club

4.08 miles

Marathon

4.10 miles

BP

4.52 miles

Shell

4.80 miles

BP

5.76 miles

Mobil

5.96 miles

BP

6.62 miles

U-M Lot SC36

1.90 miles

Fourth & Washington parking structure

2.76 miles

U-M Lot M89

2.95 miles

North 4th and Catherine Lot

2.96 miles

U-M Lot M44

2.96 miles

Lot NC78

3.51 miles

WCC Parking Lot 4

4.54 miles

Lot A: Public

4.91 miles

Lot B: Public

5.00 miles

Smith (Reserved)

6.35 miles

Wendy's

2.41 miles

Jimmy John's

2.49 miles

Namaste Flavours

2.56 miles

Don Juan Mexican Bar & Grill

2.59 miles

Panera Bread

2.67 miles

TAQ | Taqueria Restaurant & Bar

2.68 miles

The Ravens Club

2.72 miles

The Earle

2.74 miles

Noodles & Company

2.78 miles

Jimmy John's

2.94 miles

JCPenney

0.01 miles

Briarwood Mall

0.10 miles

Von Maur

0.14 miles

Macy's

0.14 miles

Sears

0.24 miles

Meijer

0.90 miles

Target

1.11 miles

By The Pound

1.35 miles

Begreen, Inc.

1.57 miles

Mediterranean Market

1.74 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

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%
Unlock on CommercialEdge

Asking Rents in Ann Arbor Office Market

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

  • 2021 Avg. Asking Rent $25.70
  • 2021 Office Vacancy Rate 14.04%
  • 2021 Office Completions (SF) 230,000

Ann Arbor Office Sales Trends

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

  • 2021 Avg. Price per SF $155.46
  • Y-o-Y Avg. PpSF Change -0.33%
  • 2021 Office Sales Volume $38.1M
  • 2021 Number of Transactions 6
View more Ann Arbor market trends

Frequently Asked Questions

What is the total square footage of Briarwood Mall - JC Penney?

Briarwood Mall - JC Penney totals 169,169 square feet.

When was this property built?

Briarwood Mall - JC Penney was built in 1973.

What is the market value for Briarwood Mall - JC Penney?

The market value* for Briarwood Mall - JC Penney in 2022 was $7,635,400.
*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.

Tax

  • Base Tax $262,637
  • Current Tax $82,868
  • Market Value* $7,635,400
  • Assessed Value $7,635,400

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.

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