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    603 Waverly Rd Lansing, MI 48917

    Sponsored
    For Lease
    $14 SF/Yr ($2,628 /Mo)

    Three suites, 2,253 sq ft total.

    Lot size:
    2,253 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Lansing, Michigan retail property, located at 603 S Waverly Rd, offers a prime investment opportunity. The single-building strip center comprises 2,253 square feet of total space, divided into three individual suites. The property is situated in Eaton County, zip code 48917, providing convenient access to nearby businesses and high traffic areas. The minimum divisible space is 1,336 square feet, while the maximum contiguous space available is the entire 2,253 square feet. This flexibility allows for a variety of tenant configurations, catering to diverse business needs. The property's location at the intersection of S Waverly Rd and W Saginaw Hwy offers excellent visibility and accessibility for potential tenants. While currently there is a significant amount of vacant space (5,709 sq ft), this presents a unique opportunity for an investor to lease the space to suitable tenants and generate substantial rental income. The property's classification as a retail strip center makes it an attractive option for businesses seeking high-traffic locations. This is an excellent opportunity to acquire a well-located retail property in a growing market. The property is ready for immediate occupancy and offers significant potential for future growth and profitability. Serious inquiries are encouraged.

    Property Features for 603 Waverly Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,253 SF
    Total Rate
    2628.5

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 2B
    Size
    1,336 SF
    Rate per SF
    $14
    Space
    Suite 3A
    Size
    2,253 SF
    Rate per SF
    $14
    Space
    Suite 6
    Size
    2,120 SF
    Rate per SF
    $14

    HighLights

    • Former salon space, Suite 2B.
    • Rear garage service door for Suite 3A.
    • Recently renovated building.
    • Professionally managed property.
    • High‑traffic corner location.
    Property Profile Location Intelligence

    Current Use by Public Records

    America's Best Hearing Hearing Aid Store Clock Mobility Mobility Equipment Supplier Pure Enchantment Photography Photographer Total Health Spine ... Chiropractor Advanced Spine & Posture ... Chiropractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.6024768
    Latitude
    42.7279251

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    FAQs

    What type of property is this?
    Neighborhood center - Three suites, 2,253 sq ft total.
    Where is this neighborhood center located?
    The property is located at 603 Waverly Rd Lansing, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Former salon space, Suite 2B.; Rear garage service door for Suite 3A.; Recently renovated building.
    Request Owner's contact information
    603 Waverly Rd 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
    603 Waverly Rd Lansing, MI 48917
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