603 Waverly Rd, Lansing, MI 48917-2800
- Strip malls
- 18,000 SF
- 2.64 lot acres
Current Use by Public Records
- America's Best Hearing / Hearing Aid Store
- Clock Mobility / Production Facility
- Pure Enchantment Photography / Photography Service / (Bike/Boat/Book/etc) Store
- Total Health Spine & Nutrition / Alternative Medicine Practice
- Advanced Spine & Posture - Lansing / Alternative Medicine Practice
Property Details for 603 Waverly Rd
- Year built
- 1987
- Lot size
- 2.64 lot acres
- Zone code
- NONE
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 040 069 000 062 00
- APU
- 4006900006200
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 10, 2024 | — | Waverly Road Partners LLC | — | Deed · related | $200k · Horizon Bank |
| Aug 29, 2016 | — | Waverly Road Partners LLC | — | Deed · related | $1M · Horizon Bank NA |
| Mar 13, 2014 | $500,000 | Waverly Road Partners LLC | Kevork Wartersian | Warranty Deed | — |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $894,000
Market price range: $465k - $1.12M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $885,000 Current use
- MEDICAL BUILDING
- $1,385,000 Change: +56% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,335,000 Change: +51% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Eaton
- State
- Michigan
- Longitude
- -84.6038
- Latitude
- 42.74
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
