Industrial Properties
3885 Research Park Drive Ann Arbor, MI 48108

Details & Description

Price: $2,300,000

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.

Property ID: 225153
Property URL: melqr.com/225153
Generated: 04-27-24

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.

Michigan / Ann Arbor / 48108 / 3885 Research Park Drive

3885 Research Park Drive

Ann Arbor, MI 48108

Listing ID: 225153

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3885 Research Park Drive Ann Arbor, MI 48108 | for Sale | Photo 1

Building Size: 31,508 SF

Lot Size: 2.580 AC

Land Size: 112,384 SF

Building $/SF: $73.00

Land $/SF: $20.47

Price

$2,300,000

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

25656582annarbor3885researchparkdr-4IV-XE2.pdf

Points of Interest & Demographic Radii

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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

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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 Population		5,275	73,765	171,341
Population Median Age		37	35	35
Population by Age	0-9 Yrs	425 (8%)	6189 (8%)	14251 (8%)
	10-19 Yrs	408 (7%)	10437 (14%)	24784 (14%)
	20-29 Yrs	1442 (27%)	21777 (29%)	48892 (28%)
	30-39 Yrs	849 (16%)	8962 (12%)	22000 (12%)
	40-49 Yrs	709 (13%)	7086 (9%)	16914 (9%)
	50-59 Yrs	508 (9%)	7009 (9%)	16477 (9%)
	60-69 Yrs	632 (11%)	6788 (9%)	15294 (8%)
	70+ Yrs	303 (5%)	5518 (7%)	12729 (7%)

Median HH Income		$67,027	$71,232	$69,593
Total Household Income	< 24K	499 (18%)	5792 (19%)	13216 (19%)
	25-49K	403 (14%)	4778 (16%)	11948 (17%)
	50-74K	629 (23%)	4666 (15%)	10654 (15%)
	75-99K	419 (15%)	3088 (10%)	7838 (11%)
	100-199K	608 (22%)	7234 (24%)	15716 (23%)
	200K+	139 (5%)	3653 (12%)	7975 (11%)

Highest Education Level	No Diploma	68	1200	4074
	Diploma or GED	403	3488	9135
	Some College	552	5136	13274
	Assoc. Degree	229	2382	5655
	Bachelors Degree	1112	12612	29422
	Higher Degree	1455	17452	39112

Total Housing Units		2,786	30,934	71,652
--Owner-Occupied		1,035	14,562	33,326
--Renter-Occupied		1,664	14,649	34,021
Owner-Occupied Values	< 100K	66	981	2216
	100-199K	352	2296	5359
	200-299K	351	3312	8687
	300-399K	193	3001	6905
	400-499K	47	2173	4413
	500K+	25	2799	5746

Total Working Age Population		4,620	64,272	148,478
In Work Force		3,538	40,910	94,280
Not In Work Force		1,082	23,363	54,198
Workforce Employed		3,386	39,196	90,634
Workforce Unemployed		149	1,686	3,556
Civlian Workforce		3,535	40,882	94,190
Military Workforce		3	28	90

Total Households		2,698	29,211	67,347
Family Households		1,116	14,307	32,845
Non-Family Households		1,582	14,905	34,502
Married Couple		861	11,591	26,698
Other Family		255	2,716	6,147
Married w/Child		341	4,752	10,815
Single Male w/Child		37	335	759
Single Female w/Child		57	778	2,103

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Michigan	9,938,444	-1	9,883,640	+1	10,023,423	+4	10,424,510
Washtenaw County	322,895	+7	344,791	+9	376,857	+12	422,684

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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.

Common Questions and Answers

What is the asking price for 3885 Research Park Drive in Ann Arbor?

The asking price for 3885 Research Park Drive is $2,300,000

What is the building size of this Industrial property in Ann Arbor, MI?

The size of the building/unit at 3885 Research Park Drive in Ann Arbor is 31,508 square feet

How much land does the Ann Arbor, MI property at 3885 Research Park Drive include?

3885 Research Park Drive in Ann Arbor includes 2.580 acres of land

What kind of Industrial is the propery at 3885 Research Park Drive?

The property at 3885 Research Park Drive Ann Arbor, MI 48108 is listed as a Flex-Office-Warehouse Industrial property

What is the population within 1 mile of 3885 Research Park Drive in Ann Arbor?

The population within 1 mile of 3885 Research Park Drive Ann Arbor, MI 48108 is 5,275 people.

Who do I contact for questions about 3885 Research Park Drive?

You should contact the listing agent, Jay Chavey, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Detroit Metropolitan Wayne County Airport (DTW)	20
Toledo Express Airport (TOL)	45
MBS International Airport (MBS)	91