Retail Space on High
For Sale
Contact for pricing
Lansing MI, Lansing, MI 48917
Retail space available on a high traffic corner.
Property Size18,000 SF
Price / SF$0.00
Days on Market341
Property Features for Lansing MI
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
18,000 SF
Properties For Sale
at Lansing MI Contact usSuite 3A
Size
2,253 SF
Type
Strip Center
Term
60 months
Suite 2B
Size
1,336 SF
Term
Negotiable
Suite 6
Size
2,120 SF
Term
Negotiable
Listed By:
Nick Vlahakis
(517) 881-6088
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 25
Last Checked: Oct 28 at 6:31AM
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 Nick Vlahakis
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.
Retail space is available at the southwest corner of N Waverly Rd and W Saginaw Hwy. The center has been recently remodeled and is professionally managed. Suite 2B was formerly a salon. Suite 3A features a garage service door on the back.
Key Highlights
- High traffic corner location at N Waverly Rd and W Saginaw Hwy
- Recently remodeled center, a great place for your business
- Professionally managed for worry‑free operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,918
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,258,360
$3.3M
Cap Rate 7%
$2,327,400
$2.3M
Cap Rate 9%
$1,810,200
$1.8M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$270.0K $15.00/SF
− Vacancy
−$37.3K −$2.07/SF
EGI
$232.7K $12.93/SF
− OpEx
−$69.8K −$3.88/SF
NOI
$162.9K $9.05/SF
Area
Lansing, MI
Vacancy
13.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,258,360
Cap Rate 7%
$2,327,400
Cap Rate 9%
$1,810,200
Alternative Uses
Best Use
Retail
$2.33M
$2.04M – $2.72M
NOI $162,918 @ 7.0% cap · market cap 1,163,700.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.71M
$3.24M – $4.32M
NOI $259,361 @ 7.0% cap · market cap 1,852,578.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Under-served
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
Frequently Asked Questions
What type of property is this?
Shopping center - Retail space available on a high traffic corner.
Where is this shopping center located?
The property is located at Lansing MI Lansing, MI.
What are key features of this property?
This property features: High traffic corner location at N Waverly Rd and W Saginaw Hwy; Recently remodeled center, a great place for your business; Professionally managed for worry‑free operations
