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    5058 S Waverly Rd Lansing, MI 48911

    For Lease
    $8 SF/Yr ($3,110 /Mo)

    4,665 SF retail, office, or medical space for lease.

    Property size:
    4,665 SF
    Lot size:
    1.32 Acres

    Property Features for 5058 S Waverly Rd

    General Information

    Size
    4,665 SF
    Lot size
    1.32 Acres

    Source: Legacy Commercial Group Agent Trent Szkutnik

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Lansing Center

    This 4,665 square foot suite is suitable for retail, office, or medical office use and is available for lease at $8.00 NNN. The property is located in a Family Dollar-anchored shopping center, which has had a national retail tenant on site since 2000. The location benefits from ample private off-street parking. Situated on the hard corner of S Waverly Rd and Jolly Rd, the property offers excellent frontage on the corridor. It experiences strong traffic counts, with over 16,000 vehicles per day on S Waverly Rd and over 10,000 vehicles per day on Jolly Rd. The surrounding area includes many residential neighborhoods and exhibits strong demographics, with a total population exceeding 134,000 within a 5-mile radius. Terms for landlord and tenant improvements are negotiable, and build-to-suit options are available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.6038958
    Latitude
    42.6834695

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    FAQs

    What type of property is this?
    Shopping center - 4,665 SF retail, office, or medical space for lease.
    Where is this shopping center located?
    The property is located at 5058 S Waverly Rd Lansing, MI.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Strong Demographics: Over 134,000 residents within a 5-mile radius.; - High Traffic Counts: Over 16,000 vehicles per day on S Waverly Rd & over 10,000 VPD on Jolly Rd.; - Family Dollar Anchored Shopping Center: A national retail tenant since 2000.
    (419) 705-9794
    Request Owner's contact information
    5058 S Waverly Rd Lansing, MI 48911
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    Lansing, MI 48911
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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
    5058 S Waverly Rd Lansing, MI 48911
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