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Remodeled Office Space with Kitchen
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400 S Waverly Rd, Lansing, MI 48917

Well-maintained office property with a fully equipped kitchen, private office, and remodeled lower level for flexible business use.

Space Size832 SF
Days on Market75

Property Features for 400 S Waverly Rd

General Information

Standard status Active
Size 832 SF
Property subtype OFFICE
Lease Type Modified Gross

Amenities

fully equipped kitchen with appliances
updated vinyl plank flooring
full bathroom
laundry hookups
private office

Spaces For Lease

at 400 S Waverly Rd Contact us

400 S. Waverly Rd $24.48/SF/Yr

Floor
Building
Size
832 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE
Well-maintained and versatile commercial property featuring a fully remodeled lower...
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Listing Agency: RE/MAX Commercial Group
Listed By: Jodi Jones · License #6501419100
Source: Moodyscre
Added: May 27 Changed: Aug 8 Last Checked: Aug 8 at 12:45PM

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 RE/MAX Commercial Group

Investment Insights

Based on property information with market context.

This well-maintained office property features a fully remodeled lower level designed for practical functionality and flexibility. The lower level includes a fully equipped kitchen with appliances, updated vinyl plank flooring, a full bathroom, laundry hookups, and a private office.

Additional recent improvements include a newer roof installed in 2019 and updated siding. The layout is suited to a range of office and service-based business needs, with space configured to support day-to-day operations.

With 832 SF total property size, this is a compact commercial option for an operator looking for a move-in-ready lower level and in-place essentials like a kitchen, bathroom, and laundry hookups.

Key Highlights

  • Fully remodeled lower level with kitchen with appliances
  • Private office plus full bathroom and laundry hookups
  • Updated vinyl plank flooring

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Carpet & Flooring Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.67 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

123
Businesses Nearby

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

$31.77 /SF/Yr
Avg Asking Price
$6.9–$294 /SF/Yr
Price Range
12,104 SF
Avg Space Size

This space is priced 23% below the average of $31.77 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Well-maintained office property with a fully equipped kitchen, private office, and remodeled lower level for flexible business use.
Where is this office units located?
The property is located at 400 S Waverly Rd Lansing, MI.
What is the lease rate?
The lease rate is $24.48 SF/Yr.
What are key features of this property?
This property features: Fully remodeled lower level with kitchen with appliances; Private office plus full bathroom and laundry hookups; Updated vinyl plank flooring
(517) 896-9669 Call to check price and availability
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