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    1601 S. Waverly Rd. Lansing, MI 48917 Lansing, MI 48917

    For Lease
    Contact for pricing

    High-traffic retail building, ideal for restaurant or other uses.

    Lot size:
    6,000 SF

    Description

    Added:
    Jan 17, 2025
    Days on Market:
    332
    This exceptional 6,000-square-foot freestanding building presents a remarkable opportunity in Lansing, Michigan. Situated at 1601 S. Waverly Rd., 48917, this property benefits from its high-visibility location next to a 24,000-square-foot retail strip center and a YMCA, ensuring significant foot traffic and exposure. The building enjoys prominent signage opportunities and ample free parking, enhancing its appeal to potential tenants and customers. Its strategic location just south of the I-496/Waverly Road interchange places it within easy reach of a large customer base, further amplified by its proximity to several General Motors facilities. The high traffic counts in this area make this a prime location for a variety of retail uses, including a restaurant, given the building's size and layout. The property offers significant potential for a business seeking a high-visibility location with excellent accessibility and ample parking. This is a rare opportunity to secure a well-positioned retail space in a thriving area of Lansing. The building's size and location make it an attractive option for a variety of businesses seeking to establish a strong presence in the community.

    Property Features for 1601 S. Waverly Rd. Lansing, MI 48917

    General Information

    Property type
    Retail residential properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF
    Elevators
    N/A

    HighLights

    • 6,000 sq ft freestanding building with prominent signage and ample free parking.
    • High traffic counts due to location near I‑496/Waverly Rd. interchange and GM facilities.
    • Ideal for restaurant or retail; situated next to a large strip mall and YMCA.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail residential properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    State
    Michigan
    Longitude
    -84.602378
    Latitude
    42.716339

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Retail residential property - High-traffic retail building, ideal for restaurant or other uses.
    Where is this retail residential property located?
    The property is located at 1601 S. Waverly Rd. Lansing, MI 48917 Lansing, MI.
    What are key features of this property?
    This property features: 6,000 sq ft freestanding building with prominent signage and ample free parking.; High traffic counts due to location near I-496/Waverly Rd. interchange and GM facilities.; Ideal for restaurant or retail; situated next to a large strip mall and YMCA.
    (517) 204-3688
    Request Owner's contact information
    1601 S. Waverly Rd. Lansing, MI 48917 Lansing, MI 48917
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    Lansing, MI 48917
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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
    1601 S. Waverly Rd. Lansing, MI 48917 Lansing, MI 48917
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