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Remodeled Office Lower Level Suite
For Lease
$216 SF/Yr Modified Gross

400 South Waverly Road, Lansing, MI 48917

Remodeled lower-level office with kitchen, bathroom, laundry hookups, and a private office—ready for flexible operations.

Space SizeContact for details
Property Size832 SF
Days on Market94

Property Features for 400 South Waverly Road

General Information

Standard status Active
Size 832 SF
Property subtype Office
Lease Type Modified Gross
Lease Term 24 months

Amenities

Fully remodeled lower level
Lower level includes fully equipped kitchen, with applicances, new vinyl plank flooring, laundry hookups & private office
New roof in 2019

Building Details

Building Size 832 SF
Year Renovated 2019
Listing Agency: RE/MAX
Listed By: Jodi Jones · License #6501419100
Source: Remaxcommercial
Added: Jun 3 Changed: Sep 2 Last Checked: Sep 4 at 2:01AM

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

Investment Insights

Based on property information with market context.

This rental suite features a fully remodeled lower level designed for practical day-to-day use. The space includes a fully equipped kitchen with appliances, updated vinyl plank flooring, a full bathroom, laundry hookups, and a private office. The layout is straightforward and functional, supporting a range of office and service-based workflows.

Improvements at the property level add durability and reassurance, including a newer roof installed in 2019 and updated siding. The offering includes office space where each office is independently owned and operated, providing a degree of separation in operations.

The configuration suits tenants that need more than a basic workspace, including an interior kitchen setup, dedicated restroom access, and an enclosed private office. With the lower level’s remodel work already in place, the suite can support businesses looking to establish a clean, ready-to-operate office environment at 400 South Waverly Road in Lansing.

Key Highlights

  • Fully remodeled lower level designed for flexible commercial use
  • Lower level includes a fully equipped kitchen with appliances
  • Updated vinyl plank flooring in the remodeled lower level

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
$32.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

416
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

$29.21 /SF/Yr
Avg Asking Price
$1.64–$294 /SF/Yr
Price Range
14,631 SF
Avg Space Size

This space is priced 640% above the average of $29.21 /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
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Frequently Asked Questions

What type of property is this?
Office units - Remodeled lower-level office with kitchen, bathroom, laundry hookups, and a private office—ready for flexible operations.
Where is this office units located?
The property is located at 400 South Waverly Road Lansing, MI.
What is the lease rate?
The lease rate is $216 SF/Yr.
What are key features of this property?
This property features: Fully remodeled lower level designed for flexible commercial use; Lower level includes a fully equipped kitchen with appliances; Updated vinyl plank flooring in the remodeled lower level
More about this property
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