Contact Property

Research Park Business Center

Off-Market

3885 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 - R&D - Office
  • Property Size 31,508 SF
  • 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

Location

  • Walk Score ® Car-Dependent (40)
  • Transit Score ® Some Transit (29)
  • Bike Score ® Somewhat Bikeable (46)
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Clinton-George
  • Zip Code 48108
  • Market Detroit

Points of Interest

Ann Arbor

3.74 miles

Ann Arbor Supercharger

1.68 miles

Clark

2.84 miles

Shell

3.12 miles

Marathon

3.94 miles

ChargePoint

4.08 miles

BP

4.46 miles

Shell

4.47 miles

BP

5.40 miles

Marathon

6.10 miles

Circle K

7.02 miles

Pittsfield Preserve Nature Area Trailhead

2.01 miles

Lot SC 16

2.23 miles

U-M Lot SC20 (Athletics Campus Grey Lot)

2.36 miles

UM Lot W10

2.88 miles

Bentley Historical Library Visitor Parking

4.00 miles

U of M Lot NC 106

4.42 miles

NC85

4.80 miles

NC84

4.88 miles

Campus Wellness Center Lot

5.63 miles

Trailhead Parking

8.82 miles

Holiday Inn Express - University South

0.17 miles

Staybridge Suites

0.26 miles

Kensington Court Hotel

0.44 miles

Fairfield Inn Marriott

0.48 miles

Extended Stay America

0.53 miles

Hilton Garden Inn

0.83 miles

The University Inn Ann Arbor

2.07 miles

Stone Chalet Bed and Breakfast Inn

2.46 miles

Library Bed and Breakfast

2.60 miles

Cadgwith Too

2.80 miles

Black Rock

0.25 miles

Auntie Anne's

0.72 miles

Blaze Pizza

1.51 miles

Applebee's

1.57 miles

Buddy's Restaurant & Pizzeria

1.78 miles

Tmaz Taqueria

2.13 miles

Toarmina's Pizza

2.20 miles

Subway

2.56 miles

Bopjib

2.78 miles

New York Pizza Depot

3.06 miles

Preschool and Family Center

0.94 miles

Saint Francis of Assisi School

2.01 miles

Ross School of Business

2.68 miles

Angell School

2.82 miles

Dicken Elementary School

2.87 miles

Bach Elementary School

3.13 miles

High Point

3.65 miles

University of Michigan

3.68 miles

Concordia University Ann Arbor

3.93 miles

Washtenaw Community College

4.13 miles

Little Lamb Nursery & Kindergarten

1.49 miles

Kozy Heart Daycare Center

2.07 miles

Annie's Children's Center

2.28 miles

Towsley Chidren House

2.73 miles

Gretchen's House

2.82 miles

Green Apple Garden Upper Playschool

3.57 miles

Little Angels Daycare

4.65 miles

Stony Creek Preschool

5.12 miles

Gretchen's House

5.65 miles

Annie's Children's Center

6.10 miles

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner
  • Registered Owner

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 23 Jan, 2013
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination 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
Unlock on CommercialEdge
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.

  • 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

  • Base Tax $109,679
  • Current Tax $72,780
  • Market Value* $3,188,600
  • Assessed Value $3,188,600

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 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 is the market value for Research Park Business Center?

The market value* for Research Park Business Center in 2022 was $3,188,600.
*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.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.