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Property profile

721 Waverly Rd Lansing, MI 48917

OFF-MARKET
Retail space
Property ID
US43-2179717
2,197 SF 0.38 ac lot Built 1963
Last sale Jun 2024 · $300,000
Trust Owned Owner of record is a trust. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 2,197 square foot commercial property, situated on a 0.381-acre lot in Lansing, Michigan, presents a unique investment opportunity. Built in 1963, the single-story building boasts a versatile layout ideal for retail or office use. The main level features a showroom, customer service counter, office space, storage, and a restroom. A rear delivery area extends into a basement, offering additional storage and two restrooms. The property's strategic location on N Waverly Rd,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value · 2024$175k
Effective rate5.12%

Value estimate

· Oct 2026
$300k
$270k – $330k
AI approach$300k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$71/SF
Submarket average, outlier-cleaned · 101 recorded sales of this use type
Observed band · Q1–Q3$44 – $102
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NONE
JurisdictionEATON

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 agency32.6
Building Supply29.0
Dental Office27.7

Location

721 Waverly Rd Lansing, MI 48917-2242
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4243 Saginaw, Lansing, MI 48917-2111 $30,000 May 2024 2,054 SF
4251 Saginaw, Lansing, MI 48917-2111 $150,000 May 2024 2,415 SF
5507 Saginaw, Lansing, MI 48917-1920 $1,050,000 Feb 2020 3,322 SF
4238 Saginaw, Lansing, MI 48917-2110 $225,000 Oct 2019 1,657 SF
4244 Saginaw, Lansing, MI 48917-2110 $425,000 Jun 2019 3,012 SF
4607 Saginaw, Lansing, MI 48917-2736 $175,000 Jan 2019 2,487 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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