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Research Park Business Center
3885 Research Park Drive, Ann Arbor, MI 48108
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- Property Type Office - R&D - Office
- Property Size 31,508 Sqft
- Lot Size 2.58 Acre
- Parking Spaces Avail. 94
- Parking Ratio 3.00/ 1,000 SF
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1988
- City Ann Arbor, MI
- Neighborhood Clinton-George
- Zip Code 48108
- Market Detroit
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Average Actual Rents in Ann Arbor
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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 (Sqft)
Ann Arbor Office Sales Trends
All sale prices are based on publicly recorded, verified sales.
- 2020 Avg. Price per Sqft $155.98
- Y-o-Y Avg. PpSF Change -23.34 %
- 2020 Office Sales Volume $42.5M
- 2020 Number of Transactions 4
- Property Tax in 2021 $108,743
- Market Value $3,127,400
- Assessed Value $3,127,400
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Frequently Asked Questions
What is the total square footage of Research Park Business Center?
Research Park Business Center totals 31,508 square feet.
When was this property built?
Research Park Business Center was built in 1988.
When was Research Park Business Center last sold?
Research Park Business Center was last sold on 23 Jan, 2013.
What was the last purchase price for Research Park Business Center?
Research Park Business Center was last sold for $2,281,000.
What is the property tax for Research Park Business Center?
The property tax for Research Park Business Center in 2021 was $108,743.
What is the market value for Research Park Business Center?
The market value for Research Park Business Center in 2021 was $3,127,400.
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