111 South Waverly Road

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111 South Waverly Road

Lansing, MI 48917
Asking Price
$639K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial redevelopment site spanning 1.54 acres in Lansing
  • Current asking price for the parcel is $639,000
  • Located on South Waverly Road within a Michigan submarket
  • Site dimensions offer flexibility for diverse commercial development projects
  • Strategic position within the state capital's established economic corridor

What's Special

Priced at $639,000, this 1.54-acre commercial land parcel at 111 South Waverly Road presents a strategic redevelopment site in Lansing, Michigan. The property offers substantial utility for investors or developers seeking to capitalize on a position within this established Michigan submarket. As the state capital, Lansing maintains a stable economic base driven by government operations, insurance sectors, and major educational institutions, providing consistent demand for well-situated commercial real estate. Prospective buyers can evaluate the site for a variety of commercial applications, ranging from retail developments to service-oriented business facilities. The parcel’s location provides access to the broader infrastructure network of the region, facilitating connectivity throughout the capital area. Whether looking to initiate a ground-up project or secure long-term land holdings, this site aligns with various investment strategies focused on the growing suburban and urban corridors surrounding Lansing.

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NOI
$80,000
Cap Rate
12.52%
DSCR
2.11
Strong
Cash-on-Cash
21.94%
Monthly Payment
$3,161.423
Annual Cash Flow
$42,062.92

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