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Auto Body Credit Union 111 S Waverly Rd 11,491 SF Office Building Lansing, MI 48917 $750,000 ($65.27/SF)
Investment Highlights
- Positioned at a prominent intersection with strong visibility and convenient access to major thoroughfares, including Saginaw Highway and I-496.
- Features a substantial parking ratio of approximately 5.91 spaces per 1,000 square feet, supporting high customer and employee traffic.
- Situated on a sizable parcel of approximately 1.5 acres, providing flexibility for future redevelopment or expansion opportunities.
- Located near established community amenities such as Saint Joseph Park and Michigan Avenue Park, enhancing accessibility and appeal.
- Currently improved with a one-story office/retail building formerly occupied by a financial institution, offering adaptable space for multiple uses.
- Steady traffic and visibility
Executive Summary
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.
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.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
11,491 SF
Building Class
C
Year Built
1975
Price
$750,000
Price Per SF
$65.27
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,491 SF
Building FAR
0.18
Lot Size
1.50 AC
Zoning
E LOCAL - Local
Parking
68 Spaces (5.91 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 21-01-18-301-040 | Improvements Assessment | $411,100 |
| Land Assessment | $71,900 | Total Assessment | $483,000 |
Property Taxes
Parcel Number
21-01-18-301-040
Land Assessment
$71,900
Improvements Assessment
$411,100
Total Assessment
$483,000
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Auto Body Credit Union | 111 S Waverly Rd
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