Waverly, MI Commercial Real Estate for Lease - 25 Listings

Capitol Commerce Center

6412 Centurion Dr, Waverly, Lansing, MI
Property

Office

7,676 SF
Availability

1 Space

7,676 SF
Year Built

1995
For Lease

$15.00/SF/YR
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Verndale Office Park

6105 West St. Joseph Hwy, Waverly, Lansing, MI
Property

Office

131,501 SF
Availability

9 Spaces

30,243 SF
Year Built

1978
For Lease

$17.50 - $20.00/SF/YR
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Lansing Towne Center | Retail

5625 W. Saginaw Highway, Waverly, Lansing, MI
Property

Retail

138,000 SF
Availability

1 Space

75,000 SF
Year Built

1970
For Lease Contact for pricing
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Brookside Plaza

707-739 Brookside Drive, Waverly, Lansing, MI
Property

Retail

24,176 SF
Availability

1 Space

1,600 SF
For Lease

$14.00/SF/YR
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Capitol Commerce Center

6500 Centurion Dr, Waverly, Lansing, MI
Property

Office

11,172 SF
Availability

5 Spaces

8,066 SF
Year Built

1995
For Lease

$15.00/SF/YR
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Lansing Towne Center

5415-5503 W. Saginaw Hwy, Waverly, Lansing, MI
Property

Retail

111,715 SF
Availability

6 Spaces

17,843 SF
For Lease

$12.00/SF/YR
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6400 W. St Joseph Hwy

6400 W. St Joseph Hwy, Waverly, Lansing, MI
Property

Retail

5,241 SF
Availability

1 Space

1,100 SF
For Lease

$12.00/SF/YR
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5330 W Saginaw Hwy

5330 W Saginaw Hwy, Waverly, Lansing, MI
Property

Office

558,999 SF
Availability

2 Spaces

33,802 SF
Year Built

1969
For Lease Contact for pricing
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Capitol Commerce Center

6512 Centurion Dr, Waverly, Lansing, MI
Property

Office

8,065 SF
Availability

1 Space

7,683 SF
Year Built

1995
For Lease

$15.00/SF/YR
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Office Park West

526, 612, 616 S. Creyts Road, Waverly, Lansing, MI
Property

Office

5,035 SF
Availability

2 Spaces

1,799 SF
Year Built

1991
For Lease

$14.00/SF/YR
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Capitol Commerce Center

825 Centennial Way, Waverly, Lansing, MI
Property

Office

101,450 SF
Availability

1 Space

18,073 SF
Year Built

1993
For Lease Contact for pricing
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5025 W Saginaw Hwy

5025 W Saginaw Hwy, Waverly, Lansing, MI
Property

Retail

18,097 SF
Availability

1 Space

1,000 SF
Year Built

1959
For Lease

$9.96/SF/YR
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730 Elmwood Road

730 Elmwood Road, Waverly, Lansing, MI
Property

Retail

10,323 SF
Availability

1 Space

10,323 SF
For Lease

$10.00/SF/YR
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6141 West Saginaw Highway

6141 West Saginaw Highway, Waverly, Lansing, MI
Property

Retail

6,000 SF
Availability

1 Space

6,000 SF
For Lease

$15.50/SF/YR
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5001 W St Joe Hwy

5001 W St Joe Hwy, Waverly, Lansing, MI
Property

Office

10,413 SF
Availability

2 Spaces

2,744 SF
Year Built

1975
For Lease

$12.00/SF/YR
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Lansing Towne Center

5415-5503 W Saginaw Hwy, Waverly, Lansing, MI
Property

Retail

111,715 SF
Availability

5 Spaces

15,433 SF
For Lease Contact for pricing
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5125 West Saginaw Hwy

5125 West Saginaw Hwy, Waverly, Lansing, MI
Property

Retail

225,322 SF
Availability

1 Space

710 SF
Year Built

1968
For Lease Contact for pricing
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Saginaw Creyts Center

6334 W Saginaw Hwy, Waverly, Lansing, MI
Property

Retail

14,604 SF
Availability

2 Spaces

2,630 SF
For Lease

$17.00/SF/YR
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6025 W Saginaw Hwy

6025 W Saginaw Hwy, Waverly, Lansing, MI
Property

Retail

29,456 SF
Availability

1 Space

29,456 SF
Year Built

1999
For Lease

$11.50/SF/YR
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5206-5210 W. Saginaw Hwy., Lansing, MI 48917

5206 W. Saginaw Hwy., Waverly, Lansing, MI
Property

Retail
Availability

1 Space

7,560 SF
For Lease Contact for pricing
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7335 Westshire Dr

7335 Westshire Dr, Waverly, Lansing, MI
Property

Office

13,903 SF
Availability

1 Space

2,879 SF
For Lease

$18.00/SF/YR
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6540 Millennium Dr

6540 Millennium Dr, Waverly, Lansing, MI
Property

Retail

15,984 SF
Availability

1 Space

1,518 SF
Year Built

1999
For Lease

$12.00/SF/YR
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Retail Suite - Lansing, MI

6209 W Saginaw Hwy, Waverly, Lansing, MI
Property

Retail
Availability

1 Space

1,313 SF
For Lease Contact for pricing
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Saginaw Plaza - Retail Space Available

4002 W Saginaw Hwy, Waverly, Lansing, MI
Property

Retail
Availability

1 Space

12,003 SF
For Lease Contact for pricing
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602 Elmwood Rd

602 Elmwood Rd, Waverly, Lansing, MI
Property

Retail

4,281 SF
Availability

1 Space

1,100 SF
For Lease

$14.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Waverly commercial real estate market incorporates 969,915 square feet of office space across 17 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Waverly commercial real estate market includes 727,652 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in Waverly incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Waverly is represented by Retail space, which accounts for 184,589 square feet of available listings. Office space available in Waverly adds up to 119,566 square feet.

Meanwhile, most of the listings of commercial property for sale in Waverly are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Waverly is $15.78 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Waverly can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Waverly, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $17.5 per square foot. In particular, the property type commanding the highest lease rates in Waverly was Office space.

The average size of a commercial property in Waverly depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Waverly, the average size of an office property is 57,054 square feet.
Retail properties here incorporate an average of 48,511 square feet.

Waverly, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Waverly currently add up to 304,155 square feet. The market offers 9 active office listing(s), which amount to 119,566 square feet and account for 34% of commercial spaces on the market. Local retail availability includes 184,589 square feet across 17 retail space(s).

Property Type	Count of Listings	Total SF
Office	9	119,566
Retail	17	184,589

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Waverly, MI. Currently, there is 145,397 square feet of commercial property for sale here , which includes 7 office building(s) for sale , 3 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	7	111,569
Retail	3	33,738
Other	5	90

Waverly, MI Commercial Real Estate for Lease - 25 Listings

Capitol Commerce Center

Verndale Office Park

Lansing Towne Center | Retail

Brookside Plaza

Capitol Commerce Center

Lansing Towne Center

6400 W. St Joseph Hwy

5330 W Saginaw Hwy

Capitol Commerce Center

Office Park West

Capitol Commerce Center

5025 W Saginaw Hwy

730 Elmwood Road

6141 West Saginaw Highway

5001 W St Joe Hwy

Lansing Towne Center

5125 West Saginaw Hwy

Saginaw Creyts Center

6025 W Saginaw Hwy

5206-5210 W. Saginaw Hwy., Lansing, MI 48917

7335 Westshire Dr

6540 Millennium Dr

Retail Suite - Lansing, MI

Saginaw Plaza - Retail Space Available

602 Elmwood Rd

Frequently Asked Questions

Waverly, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Waverly, MI Commercial Real Estate for Lease - 25 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Waverly, MI?

What factors affect the price of commercial real estate in Waverly, MI?

What is the average rent for commercial space in Waverly, MI?

What are the best areas for commercial real estate in Waverly, MI?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Waverly, MI?

Waverly, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

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Popular Retail Searches

Popular Industrial Searches

About us