Versatile Flex Space
For Lease
Contact for pricing
3930-3990 Varsity Dr, Ann Arbor, MI 48108
Heated and air-conditioned flex space with existing wet lab.
Space Size3,209 SF
Property Size25,992 SF
Days on Market505
Property Features for 3930-3990 Varsity Dr
General Information
Standard status
Active
Size
3,209 SF
Total Parking Spaces
62
Property subtype
Industrial
Lease Type
Modified Gross
Building Details
Building Size
25,992 SF
Year Built
1974
Tenancy
Multiple
Spaces For Lease
at 3930-3990 Varsity Dr Contact us- Size
- 3,209 SF
- Type
- Industrial
- Lease Type
- Modified Gross
- Availability
- Active
#3950
Listing Agency:
Signature Associates Warren
(248) 799-3161
Listed By:
Drake Filippis · License #MI
Source:
Crexi
Added: Apr 5, 2025
Changed: Aug 14
Last Checked: Aug 21 at 7:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates Warren
Investment Insights
Based on property information with market context.
This property offers a versatile flex space suitable for a range of commercial real estate uses, including office, industrial, and warehouse operations. The available space features both office areas and a lab/hi-bay area, both of which are fully heated and air-conditioned. An existing wet lab area is already in place. A total of 62 parking spaces are available for the entire building.
Key Highlights
- 100% heated and air‑conditioned office and lab/hi‑bay area
- Existing wet lab area ideal for research or development
- 62 total parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.09 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48108, MI
26,639
Population
12,508
Households
2.1
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
16.8 sq mi
ZIP Area
1,586
Density / Sq Mi
$80,425
Median Household Income
$46,434
Median Earnings
$1,316
Median Rent
$378,300
Median Home Value
Market
Lease Benchmarks for Ann Arbor, MI
$12.54 /SF/Yr
Avg Asking Price
$9.5–$16 /SF/Yr
Price Range
15,856 SF
Avg Space Size
This space is priced 11% above the average of $12.54 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Heated and air-conditioned flex space with existing wet lab.
Where is this flex space located?
The property is located at 3930-3990 Varsity Dr Ann Arbor, MI.
What is the lease rate?
The lease rate is $13.95 SF/Yr.
What are key features of this property?
This property features: 100% heated and air‑conditioned office and lab/hi‑bay area; Existing wet lab area ideal for research or development; 62 total parking spaces
