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

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 23 Jan, 2013
  • 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 ®

    41/100 Car-Dependent
  • Transit Score ®

    29/100 Some Transit
  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Clinton-George
  • Zip Code 48108
  • Market Detroit

Points of Interest

  • Ann Arbor

    3.74 miles

  • Citgo

    0.22 miles

  • Speedway

    0.37 miles

  • Costco Gasoline

    0.43 miles

  • Mobil

    0.46 miles

  • BP

    0.47 miles

  • Shell

    0.74 miles

  • Shell

    1.58 miles

  • Meijer

    1.64 miles

  • Ann Arbor Supercharger

    1.68 miles

  • Circle K

    1.85 miles

  • SC 43

    0.38 miles

  • U-M Lot SC34

    1.00 miles

  • State Street Park and Ride

    1.04 miles

  • Eisenhower Center Parking

    1.31 miles

  • Pittsfield Preserve Nature Area Trailhead

    2.01 miles

  • Glick

    2.11 miles

  • U-M Lot SC7 (Crisler Center)

    2.12 miles

  • U-M Lot SC6 (Crisler Center)

    2.20 miles

  • Lot SC 16

    2.23 miles

  • U-M Lot SC5 (Crisler Center)

    2.29 miles

  • Holiday Inn Express - University South

    0.17 miles

  • Staybridge Suites

    0.26 miles

  • Red Roof Inn

    0.37 miles

  • Hampton Inn Ann Arbor, South

    0.37 miles

  • Comfort Inn & Suites

    0.38 miles

  • Kensington Court Hotel

    0.44 miles

  • EVEN Hotels

    0.46 miles

  • Courtyard Marriott

    0.47 miles

  • Sheraton Ann Arbor Hotel

    0.47 miles

  • Fairfield Inn Marriott

    0.48 miles

  • Mark's Mid-Town Coney Island

    0.22 miles

  • Subway

    0.24 miles

  • Black Rock

    0.25 miles

  • Jimmy John's

    0.31 miles

  • Taco Bell

    0.32 miles

  • Burger King

    0.44 miles

  • Graham's Restaurant

    0.44 miles

  • Los Amigos

    0.49 miles

  • Wendy's

    0.54 miles

  • Buffalo Wild Wings

    0.54 miles

  • Preschool and Family Center

    0.94 miles

  • Bryant Elementary School

    1.01 miles

  • Daycroft Montessori School

    1.08 miles

  • Central Academy

    1.15 miles

  • Pathways Campus

    1.17 miles

  • Clonlara School

    1.41 miles

  • Pattengill Elementary School

    1.66 miles

  • Allen Elementary School

    1.76 miles

  • Lawton Elementary School

    1.99 miles

  • Saint Francis of Assisi School

    2.01 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

  • Explorer Child Care Learning Center

    2.99 miles

  • Gretchen's House

    3.04 miles

  • The Discovery Center

    3.49 miles

  • Green Apple Garden Upper Playschool

    3.57 miles

  • Little Angels Daycare

    4.65 miles

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 2023 was $3,310,200.

*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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