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Ann Arbor Flex/R&D/Office Building
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880 Technology Dr, Ann Arbor, MI 48108

Single-story flex/R&D/office building in Avis Innovation Park.

Space SizeContact for details
Property Size85,883 SF
Days on Market1758

Property Features for 880 Technology Dr

General Information

Standard status Active
Size 85,883 SF
Class B
Total Parking Spaces 413
Property subtype Office, Industrial, Special Purpose
Lease Type NNN

Building Details

Building Size 85,883 SF
Year Built 1997
Tenancy Multiple

Spaces For Lease

at 880 Technology Dr Contact us

Suite C

Type
Industrial, Office, Special Purpose
Lease Type
NNN
Availability
Active
Contact us

Suite 300

Type
Industrial, Office, Special Purpose
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: The Surnow Company
Listed By: Rob Krochmal · License #6502372507
Source: Crexi
Added: Oct 29, 2021 Changed: Aug 14 Last Checked: Aug 20 at 4:45PM

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 The Surnow Company

Investment Insights

Based on property information with market context.

Located in Ann Arbor's Avis Innovation Park, the 880 Building is a single-story flex/R&D/office building. The property is situated minutes from the University of Michigan, downtown Ann Arbor, and the I-94 expressway, along the S State Street innovation corridor. This area serves as the region's research and development epicenter, hosting leaders in transportation/mobility, tech, medtech, life science, data, battery testing, military, simulation, biotech, pharmaceutical, engineering, sustainability, and chemical industries. The building offers significant parking with 1 space per 200 square feet or 5 spaces per 1,000 square feet, exclusive monument and building signage, a garage door for large shipping/receiving or vehicle entry, and private entrances. It also features substantial power with 3,500kVA 3-phase 480/277v 4,000amps available, critical power backup with redundant generators, robust internet speeds with 100 Gbps bandwidth, and 16' 8" ceilings that can be raised. The space is open and clean with uninterrupted windows, ready for a custom buildout, and is nestled around walking/biking trails and natural ponds. Co-occupants include Merit Network, Center for Automotive Research, IRIS, and NAMC National Advanced Mobility Consortium. With a BD Business zoning classification, the building permits a variety of uses including office, research & development, technology centers, data centers, laboratories, biotech, medtech, medical clinics, warehousing, light manufacturing, printing and artisan food and beverage production.

Key Highlights

  • Prime location in Ann Arbor's Avis Innovation Park, the R&D epicenter, close to the University of Michigan, downtown, and I‑94.
  • Versatile BD Business zoning allows for a wide range of uses including office, R&D, tech centers, data centers, labs, and light manufacturing.
  • Significant parking (1 space per 200sf), exclusive signage, garage door, and private entrances.

Property Analytics

Current Use

Audatex (Bike/Boat/Book/etc) Store Center for Automotive Research Charitable Organization Creative Solutions Software (Bike/Boat/Book/etc) Store Merit Network, Inc. IT Consulting Firm National Advanced Mobility ... Charitable Organization

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Law Firm Auto Parts Store Pharmacy Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

162
Businesses Nearby
Well-served
Demand for This Use

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 36% below the average of $12.54 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Single-story flex/R&D/office building in Avis Innovation Park.
Where is this flex space located?
The property is located at 880 Technology Dr Ann Arbor, MI.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Prime location in Ann Arbor's Avis Innovation Park, the R&D epicenter, close to the University of Michigan, downtown, and I‑94.; Versatile BD Business zoning allows for a wide range of uses including office, R&D, tech centers, data centers, labs, and light manufacturing.; Significant parking (1 space per 200sf), exclusive signage, garage door, and private entrances.
More about this property
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