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1340 South Waverly Road

Off-Market

1340 South Waverly Road, Lansing, MI 48917

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 68,953 SF
  • Lot Size 4.44 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1957

Location

  • Walk Score ® Car-Dependent (34)
  • Bike Score ® Somewhat Bikeable (38)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48917
  • Market Detroit

Points of Interest

East Lansing

5.47 miles

Shell

1.69 miles

GE

2.05 miles

Speedway

2.06 miles

Clipper Creek

2.55 miles

Citgo

2.62 miles

ChargePoint

2.63 miles

Eaton

2.96 miles

Tesla Destination Charger

3.13 miles

Greenlots

3.18 miles

Shell

3.25 miles

Pine Lot

2.31 miles

Ottawa Ramp

2.42 miles

The Oaks

5.30 miles

Lot 67

5.78 miles

Lot 201

6.31 miles

Charles Street Garage

6.37 miles

Lot 42

6.39 miles

Lot 21

6.91 miles

Lot 113

6.92 miles

Lot 30

6.96 miles

Panda Express

1.61 miles

DQ Orange Julius

1.63 miles

Lansing Mall Food Court

2.16 miles

Good Truckn' Diner

2.63 miles

Cap City Cafe

2.75 miles

Ohana Sushi and Bar

2.77 miles

Empire Szechuan, Fine Asian Cuisine

2.81 miles

Fleetwood Diner

2.91 miles

Olympic Broil

3.29 miles

China King

4.58 miles

Target

1.87 miles

Lansing Market

1.91 miles

Gift & Bible / Diane's Halmark / Teaching Center

2.09 miles

Once Apon a Child

2.11 miles

Lansing Mall

2.11 miles

JCPenney

2.13 miles

REO Town Marketplace

2.64 miles

Saint Ides Village Food

2.65 miles

Dong An Market

2.67 miles

Kohl's

2.77 miles

Lansing Township Police

1.19 miles

CVS Pharmacy

1.52 miles

Rite Aid

1.53 miles

Your Pharmacy

1.62 miles

Meijer Pharmacy

1.78 miles

Sparrow Hospital - Saint Lawrence Campus

2.41 miles

McLaren Greater Lansing

2.67 miles

Station 6

2.70 miles

Lansing Fire Station #2

3.45 miles

Lansing Police North Precinct

3.53 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Lansing

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Lansing Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $20.36
  • 2021 Office Vacancy Rate 11.06%
  • 2021 Office Completions (SF)
View more Lansing market trends

Tax

  • Property Tax in 2022 $44,847
  • Market Value* $1,562,857
  • Assessed Value $1,562,857

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 1340 South Waverly Road?

1340 South Waverly Road totals 68,953 square feet.

When was this property built?

1340 South Waverly Road was built in 1957.

What is the property tax for 1340 South Waverly Road?

The property tax for 1340 South Waverly Road in 2022 was $44,847.

What is the market value for 1340 South Waverly Road?

The market value* for 1340 South Waverly Road in 2022 was $1,562,857.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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