Financial
Distress signals
Property profile

111 S Waverly Rd Lansing, MI 48917

FOR SALE
Banks
Property ID
US43-1572232
11,155 SF 1.54 ac lot Built 1967
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial land site totaling 1.5 acres, suitable for redevelopment and accommodating a range of commercial uses consistent with its zoning. The site includes 99 parking spaces, providing on-site parking for visitors and staff.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$29k
Tax billed · 2022
Assessed value · 2023$497k
Assessed land$72k
Assessed improvement$425k
Effective rate5.81%

Value estimate

· Sep 2026
$420k
$378k – $462k
AI approach$420k
Submarket $/SF estimate$612k
NOI build-up
Gross scheduled income$172k
Vacancy & credit loss−$24k
Operating expenses−$45k
NOI · 13.87% cap applied$104k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
13.87%
$104k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
E LOCAL
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.3
Restaurant21.4
Building Supply19.6

Location

111 S Waverly Rd Lansing, MI 48917
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6000 Old Lansing, Lansing, MI 48917-9523 $300,000 Mar 2025 15,662 SF
632 Dibble, Lansing, MI 48917-2830 $335,000 Mar 2025 5,192 SF
8439 Saginaw, Lansing, MI 48917-8971 $825,000 Dec 2021 15,073 SF
5601 Saginaw, Lansing, MI 48917-2456 $800,000 Mar 2021 7,500 SF
516 Elmwood, Lansing, MI 48917-2618 $280,000 Nov 2020 5,440 SF
6135 Saginaw, Lansing, MI 48917-2466 $1,400,000 Jan 2020 24,099 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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