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Property profile & analytics

603 Waverly Rd Lansing, MI 48917

  • Strip malls
  • 18,000 SF
  • 2.64 lot acres
Value Estimation
Location Intelligence
Property ID
US43-2462460
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • America's Best Hearing / Hearing Aid Store
  • Clock Mobility / Mobility Equipment Supplier / Van Rental Agency
  • Pure Enchantment Photography / Photographer
  • Total Health Spine & Nutrition / Chiropractor
  • Advanced Spine & Posture - Lansing / Chiropractor / Medical Clinic

Property Details for 603 Waverly Rd

Year built
1987
Lot size
2.64 lot acres
Property size
18,000 SF
Zone code
NONE
Property type
Strip malls
Property subtype
Neighborhood centers
APN
040 069 000 062 00
APU
4006900006200

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 Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,310
$0.00
$0.00
$602,200
-
$0.00
$0.00
$1,204,400
More about this property
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