111 S Waverly Rd - Office FOR SALE


Lansing, MI 48917- Edgemont Park
$750,000 USD
213-434-0044
111 S Waverly Rd, Lansing, MI for Sale
$750,000 USD
Office - FOR SALE
1/19
null | Request Cap Rate

111 S Waverly Rd
Lansing, MI 48917
Edgemont Park


HIGHLIGHTS

  • Positioned at a prominent intersection with strong visibility and convenient access to major thoroughfares, including Saginaw Highway and I-496.
  • Located near established community amenities such as Saint Joseph Park and Michigan Avenue Park, enhancing accessibility and appeal.
  • Features a substantial parking ratio of approximately 5.91 spaces per 1,000 square feet, supporting high customer and employee traffic.
  • Currently improved with a one-story office/retail building formerly occupied by a financial institution, offering adaptable space for multiple uses.
  • Situated on a sizable parcel of approximately 1.5 acres, providing flexibility for future redevelopment or expansion opportunities.
  • Steady traffic and visibility

OVERVIEW

This property presents an exceptional owner/user or investment opportunity in Lansing’s active commercial corridor. The site features an 11,491-square-foot office/retail building situated on approximately 1.5 acres at the high-visibility intersection of S. Waverly Road and W. Michigan Avenue. Formerly occupied by a financial institution, the building offers a functional layout adaptable for a variety of professional, retail, or service-oriented uses. The property benefits from a generous parking ratio of approximately 5.91 spaces per 1,000 square feet, accommodating both customer and employee needs. Its location provides immediate access to major roadways, including Saginaw Highway and I-496, ensuring strong connectivity to downtown Lansing and surrounding communities. Nearby parks, residential neighborhoods, and retail centers contribute to consistent traffic and visibility. With its combination of size, accessibility, and redevelopment potential, this asset is well-suited for businesses seeking a prominent location or investors looking to reposition a property in a growing market.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Auto Body Credit Union

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

E LOCAL

APN/PARCEL ID

21-01-18-301-040

ASK ABOUT THIS PROPERTY

Corey WaiteRubiconMore Info
213-434-0044

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Corey WaiteRubiconMore Info
213-434-0044

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.