Industrial Properties - For Sale
3885 Research Park Drive Ann Arbor, MI 48108
Details & Description
Price: $2,300,000
  • Property Type Industrial for Sale : Flex-Office-Warehouse
  • Lot Size Acres 2.580
  • Building Sq Ft 31,508
  • Building Price per Sq Ft $73.00
  • Land Sq Ft 112,384
  • Land Price per Sq Ft $20.47
Ideal for office/research and development facility. 31,508 sq. ft. building located on 2.58 acres with 800 amps/480 volt power. Remodeled façade July 2019. New parking lot in September 2018. Landlord to install new roof, new HVAC units, new fire protection system and provide generous tenant improvement allowance. 1 minute from I-94 & 5 minutes to the University of Michigan and Downtown Ann Arbor. This property is located in an Opportunity Zone, which could mean preferential tax treatment for qualified buyers. 2020 real estate taxes were $91,503.01, which equates to $2.72/sf.
Listing Agents
Jay Chavey

O: 248-948-9000
M: 248-417-4118
jchavey@signatureassociates.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

3885 Research Park Drive

Ann Arbor, MI 48108

Listing ID: 225153
$2,300,000
For Sale
  • Property Type Industrial for Sale : Flex-Office-Warehouse
  • Lot Size Acres 2.580
  • Building Sq Ft 31,508
  • Building Price per Sq Ft $73.00
  • Land Sq Ft 112,384
  • Land Price per Sq Ft $20.47
3885 Research Park Drive Ann Arbor, MI 48108 | for Sale | Photo 1
Description

Ideal for office/research and development facility. 31,508 sq. ft. building located on 2.58 acres with 800 amps/480 volt power. Remodeled façade July 2019. New parking lot in September 2018. Landlord to install new roof, new HVAC units, new fire protection system and provide generous tenant improvement allowance. 1 minute from I-94 & 5 minutes to the University of Michigan and Downtown Ann Arbor. This property is located in an Opportunity Zone, which could mean preferential tax treatment for qualified buyers. 2020 real estate taxes were $91,503.01, which equates to $2.72/sf.

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Detroit History of Industrial Properties for Sale

Loan and Amortization Calculator

Listing Price
Down Payment

Loan Amount:
Interest Rate:
Term (months):

Your Monthly Payment

$0.00

Total Principal: --

Total Interest: --

Total Cost: --

Ann Arbor Area Market Trends

Listing Demographics for 3885 Research Park Drive Ann Arbor, MI 48108

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population5,27573,765171,341
Population Median Age373535
Population by Age0-9 Yrs425 (8%)6189 (8%)14251 (8%)
10-19 Yrs408 (7%)10437 (14%)24784 (14%)
20-29 Yrs1442 (27%)21777 (29%)48892 (28%)
30-39 Yrs849 (16%)8962 (12%)22000 (12%)
40-49 Yrs709 (13%)7086 (9%)16914 (9%)
50-59 Yrs508 (9%)7009 (9%)16477 (9%)
60-69 Yrs632 (11%)6788 (9%)15294 (8%)
70+ Yrs303 (5%)5518 (7%)12729 (7%)
Median HH Income$67,027$71,232$69,593
Total Household Income< 24K499 (18%)5792 (19%)13216 (19%)
25-49K403 (14%)4778 (16%)11948 (17%)
50-74K629 (23%)4666 (15%)10654 (15%)
75-99K419 (15%)3088 (10%)7838 (11%)
100-199K608 (22%)7234 (24%)15716 (23%)
200K+139 (5%)3653 (12%)7975 (11%)
Highest Education LevelNo Diploma6812004074
Diploma or GED40334889135
Some College552513613274
Assoc. Degree22923825655
Bachelors Degree11121261229422
Higher Degree14551745239112
Total Housing Units2,78630,93471,652
--Owner-Occupied1,03514,56233,326
--Renter-Occupied1,66414,64934,021
Owner-Occupied Values< 100K669812216
100-199K35222965359
200-299K35133128687
300-399K19330016905
400-499K4721734413
500K+2527995746
Total Working Age Population4,62064,272148,478
In Work Force3,53840,91094,280
Not In Work Force1,08223,36354,198
Workforce Employed3,38639,19690,634
Workforce Unemployed1491,6863,556
Civlian Workforce3,53540,88294,190
Military Workforce32890
Total Households2,69829,21167,347
Family Households1,11614,30732,845
Non-Family Households1,58214,90534,502
Married Couple86111,59126,698
Other Family2552,7166,147
Married w/Child3414,75210,815
Single Male w/Child37335759
Single Female w/Child577782,103

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Michigan9,938,444-19,883,640+110,023,423+410,424,510
Washtenaw County322,895+7344,791+9376,857+12422,684

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Other Industrial Properties Listings for Sale Nearby
Address Price Sq Ft Acres
3874 Research Park Drive, Ann Arbor, MI CALL 79000 5.63
4556 Concourse Drive, Ann Arbor, MI $6,900,000 45400 5.21
12 E Forest Ave, Ypsilanti, MI CALL 60000 -
5390 Belleville Road, Canton, MI $1,400,000 4000 5.3
11300 Maple Ridge Drive, Plymouth, MI CALL 250000 45
7811 Chubb Road, Northville, MI $2,500,000 14400 11.26
41335 Concept Drive, Plymouth, MI CALL 38000 2.54
41207 Concept Drive, Plymouth, MI CALL 87500 5.1
40600 Plymouth Road, Plymouth, MI $8,995,000 259621 20.36
41336 Concept Drive, Plymouth, MI CALL 25400 1.86
Closest Commercial Airports
Airport Distance (mi)
Detroit Metropolitan Wayne County Airport (DTW) 20
Toledo Express Airport (TOL) 45
MBS International Airport (MBS) 91