801 Waverly RdLansing, MI 48917

Property Details for 801 Waverly Rd

Year built

1986

Lot size

1.92 AC

Property size (Sq ft)

36,429 SF

Zone code

G GENER

Property type

Office properties

Property subtype

Office buildings

APN

33-21-01-19-101-015

APU

33210119101015

Description

This exceptional three-story Class B office building, located at 801 S. Waverly Rd in Lansing, Michigan, offers a diverse range of executive office suites for lease. Built in 1986, the property boasts a total of 32,648 square feet, encompassing ten individual suites. The building is ideally situated for businesses seeking convenient access to downtown Lansing and major retail centers. Space options are flexible, ranging from a minimum of 307 square feet to a maximum contiguous space of 10,963 square feet, catering to various business needs and sizes. Multiple tenancy options are available to accommodate diverse occupancy requirements. The building provides ample parking with 300 spaces for tenants and visitors. The property is located in Ingham County, Michigan, with a zip code of 48917. Currently, there is 91,231 square feet of vacant space available for lease. This presents a unique opportunity for businesses to establish a presence in a well-maintained and strategically located office building within a thriving Lansing commercial district. The building's design and amenities make it an attractive option for businesses seeking a professional and efficient workspace. Contact us today to explore leasing opportunities and secure your ideal office space in this prime Lansing location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,278,924

  6.5%

  $2,103,622

  7%

  $1,953,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,869,690

  Geo Method

  $2,869,690

• Alternative Use

  Use

  Valuation

  Residential

  $2,608,491

  Hospitality

  $2,389,364

  Educational

  $1,987,922

  Medical

  $2,056,290

  Retail

  $3,092,324

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7253

Longitude

-84.6019

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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