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    643 S Waverly Rd Lansing, MI 48917

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    For Lease
    $9 SF/Yr ($1,500 /Mo)

    2,000 SF retail space with high traffic and visibility.

    Property size:
    2,000 SF
    Lot size:
    1.46 Acres

    Property Features for 643 S Waverly Rd

    General Information

    Size
    2,000 SF
    Lot size
    1.46 Acres

    Source: NAI Mid-Michigan Agent Jeffrey Branch

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

    Overview

    Retail Space on Waverly Road

    This retail center is located in Lansing, MI, offering excellent visibility at the corner of a busy intersection. The available space is 2,000 square feet and ready for immediate occupancy. The open floor plan is suitable for a variety of uses. The building facade was renovated in 2014, enhancing its established street exposure. Situated on a corner lot, the property provides multiple signage opportunities. It benefits from high traffic volume, with over 35,000 vehicles per day at the I-496 exit/entrance ramp on Waverly Road. A large parking lot serves several retail suites across three buildings. Nearby retailers include Home Depot, Quality Dairy, Tim Hortons, Boost Mobile, and Ollie's Bargain Outlet.
    Location Intelligence

    Current Use by Public Records

    Waverly Barbers Barber Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.602919
    Latitude
    42.727395

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    FAQs

    What type of property is this?
    Retail space - 2,000 SF retail space with high traffic and visibility.
    Where is this retail space located?
    The property is located at 643 S Waverly Rd Lansing, MI.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - High traffic volume: Over 35,000 vehicles per day.; - Excellent visibility: Corner lot offers signage in multiple locations.; - Renovated façade: Building façade renovated in 2014.
    (517) 899-6368
    Request Owner's contact information
    643 S Waverly Rd 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
    643 S Waverly Rd Lansing, MI 48917
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