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111 S Waverly Rd
Lansing, MI 48917
111 Waverly Road · Office Property For Sale
Investment Highlights
- 1.54-acre site with 11,155 SF existing structure suitable for repositioning or redevelopment.
- E-Local zoning supports a wide range of commercial uses including retail, restaurant, and service.
- Near Downtown Lansing, Michigan State University, and Lansing retail corridors.
- Signalized intersection of Waverly Rd and Michigan Ave.
- Immediate access to I-496 and major regional roadways.
- Adjacent to new mixed-use and residential developments along Saginaw Highway.
Executive Summary
The property at Waverly Rd 111 S is a 11,155 SF existing building situated on approximately 1.54 acres at the signalized corner of Waverly Rd and Michigan Ave in Lansing, Michigan. The asset is offered for sale at an asking price of $639,000 and presents a strong repositioning or redevelopment opportunity given its size, excess parking, and flexible zoning.
The site benefits from E-Local zoning, allowing for a wide range of commercial uses including retail, restaurant, office, and service-oriented concepts. The property includes 99 surface parking spaces, providing ample capacity to support a variety of redevelopment scenarios.
Strategically located near I-496 and key commercial corridors, the property offers strong regional accessibility and proximity to major demand drivers including Downtown Lansing, Michigan State University, and UM Health-Sparrow. Additionally, the site is positioned near the West Park development corridor and surrounding retail amenities, supporting long-term growth and redevelopment potential
The site benefits from E-Local zoning, allowing for a wide range of commercial uses including retail, restaurant, office, and service-oriented concepts. The property includes 99 surface parking spaces, providing ample capacity to support a variety of redevelopment scenarios.
Strategically located near I-496 and key commercial corridors, the property offers strong regional accessibility and proximity to major demand drivers including Downtown Lansing, Michigan State University, and UM Health-Sparrow. Additionally, the site is positioned near the West Park development corridor and surrounding retail amenities, supporting long-term growth and redevelopment potential
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
11,155 SF
Building Class
C
Year Built
1967
Price
$639,000
Price Per SF
$57.28
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,578 SF
Building FAR
0.17
Lot Size
1.54 AC
Zoning
E-Local - Commercial Zoned District
Parking
99 Spaces (8.87 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
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