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    625 Avis Dr Ann Arbor, MI 48108

    Sponsored
    For Lease
    Contact for pricing

    Large R&D space available; flexible lease terms.

    Lot size:
    48,673 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 48,673-square-foot research and development facility at 625 Avis Drive is available for lease. The property offers a flexible layout, with a minimum divisible space of 16,000 square feet and the potential to lease the entire 48,673 square feet contiguously. Currently, the entire building is vacant, presenting a unique opportunity for a single tenant or multiple tenants. Situated on a generous 10.87-acre lot, the property boasts 2.5 acres of vacant land, allowing for future expansion. The building features a beautiful auditorium, a full kitchen and cafeteria, and ample parking. Its strategic location provides quick access to I-94 and US-23, enhancing logistical efficiency. The property is equipped with a robust electrical system (1600 Amps, 480 Volt) and a backup emergency generator, ensuring business continuity. The serene setting, nestled in a gorgeous wooded area on a lake, offers a tranquil and productive work environment. The asking price for the entire property is $6,500,000. This property is ideal for a company seeking a large, well-equipped, and conveniently located R&D facility.

    Property Features for 625 Avis Dr

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,673 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    48,673 SF

    HighLights

    • 48,673 SF Office/Industrial building available for lease, divisible to 16,000 SF.
    • Asking price: $6,500,000.
    • Features an existing auditorium.
    • Excellent access to I‑94 and US‑23.
    • Equipped with a backup generator.
    • Includes a full kitchen and cafeteria.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Customer Satisfaction Business Management Consultant CSat Investment Advisory Consultant Reliable Appliance Repair Appliance Repair Service A CSI LLC Business Management Consultant

    Suggested Use

    Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7393372
    Latitude
    42.2117076

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    FAQs

    What type of property is this?
    Life science property - Large R&D space available; flexible lease terms.
    Where is this life science property located?
    The property is located at 625 Avis Dr Ann Arbor, MI.
    What are key features of this property?
    This property features: 48,673 SF Office/Industrial building available for lease, divisible to 16,000 SF.; Asking price: $6,500,000.; Features an existing auditorium.
    Request Owner's contact information
    625 Avis Dr Ann Arbor, MI 48108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    625 Avis Dr Ann Arbor, MI 48108
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