Former Restaurant Suite with
For Lease
$12 SF/Yr
319 325 S Waverly Road, Lansing, MI 48917
Restaurant suite includes a hood and walk-in cooler within Waverly Center on heavily traveled Waverly Road.
Space SizeContact for details
Property Size23,937 SF
Days on Market1666
Property Features for 319 325 S Waverly Road
General Information
Standard status
Active
Size
23,937 SF
Total Parking Spaces
75
Property subtype
Retail
Zoning
F COMMERCIAL
Building Details
Building Size
23,937 SF
Year Built
1967
Year Renovated
1986
Buildings
1
Stories
1
Listing Agency:
Vlahakis Companies, Inc.
Listed By:
Paul Vlahakis
(517) 202-4959
Source:
Cpix.resimplifi
Added: Apr 1, 2022
Changed: Oct 5
Last Checked: Oct 20 at 5:18PM
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 Vlahakis Companies, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The former restaurant space at Waverly Center is available for lease and already equipped with a hood and a walk-in cooler. The shopping center totals almost 24,000 square feet of gross building area and offers multiple suites for tenants with varying needs.
Waverly Center is located on highly traveled S Waverly Road between W Michigan Avenue and W St Joseph Street, providing strong road and signage exposure. The center is less than 1 mile to I-496 and about 4 miles to Downtown Lansing, offering convenient regional access for staff and customers.
Waverly Center is located on highly traveled S Waverly Road between W Michigan Avenue and W St Joseph Street, providing strong road and signage exposure. The center is less than 1 mile to I-496 and about 4 miles to Downtown Lansing, offering convenient regional access for staff and customers.
Key Highlights
- Waverly Center has a GBA of almost 24,000 SF with multiple retail/salon tenants already in place
- Restaurant suite for lease includes a hood and walk‑in cooler
- Property is on S Waverly Road between W Michigan Ave and W St Joseph St with road and signage exposure
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48917, MI
32,679
Population
15,975
Households
2
Avg Household Size
41
Median Age
40%
College-Educated
94%
High-School Grad
24.0 sq mi
ZIP Area
1,362
Density / Sq Mi
$73,259
Median Household Income
$47,739
Median Earnings
$1,085
Median Rent
$211,300
Median Home Value
Market
Lease Benchmarks for Lansing, MI
$25.75 /SF/Yr
Avg Asking Price
$6.5–$96 /SF/Yr
Price Range
34,749 SF
Avg Space Size
This space is priced 53% below the average of $25.75 /SF/Yr.
Similar Off Market Nearby
- Southfield Shopping Center — 820 S Waverly Rd, Lansing, MI 48917
- Waverly Shopping Center — S Waverly Rd, Lansing, MI 48917
- JETTA EXPRESS — 625 S Waverly Rd d, Lansing, MI 48917
- West Saginaw Plaza — 4014 W Saginaw Hwy, Lansing, MI 48917
Frequently Asked Questions
What type of property is this?
Shopping center - Restaurant suite includes a hood and walk-in cooler within Waverly Center on heavily traveled Waverly Road.
Where is this shopping center located?
The property is located at 319 325 S Waverly Road Lansing, MI.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Waverly Center has a GBA of almost 24,000 SF with multiple retail/salon tenants already in place; Restaurant suite for lease includes a hood and walk‑in cooler; Property is on S Waverly Road between W Michigan Ave and W St Joseph St with road and signage exposure
