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1315 S Waverly Rd
Lansing, MI 48917
Retail Property For Sale
Investment Highlights
- 1.56 acres high-capacity lot
- high traffic location
- high volume parking
- 4 service bays
Executive Summary
Prime Commercial Real Estate Investment Opportunity: Exceptionally positioned on a sprawling 1.56-acre parcel along high-density S Waverly Rd, this versatile property offers outstanding exposure with average daily traffic counts exceeding 14,000 to 16,000+ vehicles per day. Located directly between Lansing Rd and I-496, the site boasts immediate highway connectivity and sits alongside established commercial neighbors including AutoZone, O'Reilly Auto Parts, and Quality Dairy. The property features two standalone structures totaling over 5,200 sq. ft.: a front 2,784 sq. ft. commercial showroom with an attached 4-bay service and vehicle prep shop, plus a separate 2,500 sq. ft. rear building equipped with 4 service bays, an office, and a restroom. Featuring a massive paved lot with parking capacity for 122 vehicles, this turn-key property is an ideal setup for automotive sales, fleet operations, equipment rental, or multi-tenant commercial redevelopment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
5,484 SF
Building Class
B
Year Built
1999
Price
$1,338,065 CAD
Price Per SF
$243.99 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.08
Lot Size
1.56 AC
Zoning
G - General Business
Parking
90 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
350’ on S Waverly Rd
Amenities
- Security System
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 21-01-19-301-004 | Improvements Assessment | $287,895 CAD |
| Land Assessment | $101,693 CAD | Total Assessment | $389,588 CAD |
Property Taxes
Parcel Number
21-01-19-301-004
Land Assessment
$101,693 CAD
Improvements Assessment
$287,895 CAD
Total Assessment
$389,588 CAD
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