Lansing, MI Commercial Real Estate for Lease and Sale

Explore 296 listings of Lansing commercial real estate to find the best space for your business.

5002 W Saginaw Hwy

5002 W Saginaw Hwy, Waverly, Lansing, MI
Property

Retail

36,000 SF
Year Built

1969
For Sale

$3,250,000
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8164 Executive Ct

8164 Executive Ct, Lansing, MI
Property

Office

13,360 SF
Availability

1 Space

7,635 SF
Year Built

2002
For Lease

$15.00/SF/YR
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3131 East Michigan Avenue

3131 East Michigan Avenue, Lansing, MI
Property

Retail

196,000 SF
Availability

1 Space

200,000 SF
Year Built

1953
For Lease Contact for pricing
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Former Flapjack | For Sale or Lease

1601 S Waverly Rd, Lansing, MI
Property

Retail
Availability

1 Space

6,043 SF
Year Built

1992
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
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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610 E. Cesar E. Chavez Ave

610 E. Cesar E. Chavez Ave, Lansing, MI
Property

Office

5,622 SF
For Sale

$250,000
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2720 S. Washington Ave

2720 S. Washington Ave, Lansing, MI
Property

Office

20,050 SF
Availability

1 Space

2,071 SF
Year Built

2006
For Lease

$14.00/SF/YR
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WESCO

3440 Dunckel Rd, Lansing, MI
Property

Industrial

25,000 SF
Year Built

2001
For Sale

Package Price: $4,680,000
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Cedar Square

5525 S Cedar Street , Lansing, MI
Property

Retail

12,600 SF
Availability

2 Spaces

6,000 SF
Year Built

1966
For Lease

$8.00/SF/YR
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Former Flapjack | For Sale or Lease

1601 S Waverly Rd, Lansing, MI
Property

Retail

6,043 SF
Year Built

1992
For Sale Contact for pricing
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Executive Office Park - 3 Spaces Available

8158 - 8161 Executive Ct, Lansing, MI
Property

Office
Availability

1 Space

9,971 SF
Year Built

2003
For Lease Contact for pricing
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228 S. Washington Sq

228 S. Washington Sq, Lansing, MI
Property

Office

12,033 SF
Availability

1 Space

3,083 SF
Year Built

1925
For Lease Contact for pricing
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416 N Homer Street

416 N Homer Street, Lansing, MI
Property

Office

6,162 SF
Availability

1 Space

1,274 SF
For Lease

$15.50/SF/YR
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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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Hollister Building

106 West Allegan Street, Lansing, MI
Property

Office

90,000 SF
Availability

5 Spaces

23,827 SF
Year Built

1890
For Lease

$20.00/SF/YR
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3815 W St Joseph St.

3815 W St Joseph St., Lansing, MI
Property

Office

37,000 SF
Availability

4 Spaces

6,098 SF
For Lease

$14.00/SF/YR
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6040 South Martin Luther King Junior Boulevard

6040 South Martin Luther King Junior Boulevard, Lansing, MI
Property

Retail

3,410 SF
Year Built

1955
For Sale

$199,950
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Granger Mall

408-426 Elmwood Dr, Waverly, Lansing, MI
Property

Retail

11,120 SF
Availability

3 Spaces

5,230 SF
For Lease

$12.00/SF/YR
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2510 Snow Road

2510 Snow Road, Lansing, MI
Property

Industrial

273,238 SF
Availability

1 Space

135,000 SF
Year Built

1999
For Lease

$6.95/SF/YR
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Benjamin, Lansing, Michigan - 2 Vacant Land Lots

Benjamin Drive, Lansing, MI
Property

Other
For Sale

$150,000
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Centennial Office Condo Unit 3

836 Centennial Way, Waverly, Lansing, MI
Property

Office

3,378 SF
For Sale

$325,000
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912 Centennial Way Suite 360

912 Centennial Way Suite 360, Waverly, Lansing, MI
Property

Office

2,110 SF
Availability

1 Space

2,110 SF
For Lease

$16.00/SF/YR
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Warehouse Building off St Joesph Lansing Twp

606 Lentz Court, Lansing, MI
Property

Industrial

2,240 SF
Availability

1 Space

2,240 SF
For Lease

$11.00/SF/YR
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Holiday Office Park

6546 Mercantile, Lansing, MI
Property

Office

20,000 SF
Availability

1 Space

5,000 SF
For Lease

$10.00/SF/YR
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1506 N Grand River Ave.

1506 N Grand River Ave, Lansing, MI
Property

Industrial

49,308 SF
Year Built

1941
For Sale

Negotiable
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2510 E Michigan Ave

2510 E Michigan Ave, Lansing, MI
Property

Retail

5,778 SF
Availability

2 Spaces

5,778 SF
Year Built

1959
For Lease

$10.00 - $12.00/SF/YR
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228 S Washington Sq

228 S Washington Sq, Lansing, MI
Property

Retail

3,083 SF
Availability

1 Space

3,083 SF
For Lease Contact for pricing
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801 S Waverly Road

801 S Waverly Road, Lansing, MI
Property

Office

32,648 SF
Availability

10 Spaces

25,452 SF
Year Built

1986
For Lease

$13.00/SF/YR
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111 West Mount Hope Avenue

111 West Mount Hope Avenue, Lansing, MI
Property

Industrial

143,738 SF
Availability

4 Spaces

67,434 SF
Year Built

1915
For Lease

$5.50/SF/YR
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Parcel 2 - Thomas L Parkway

Thomas L Pkwy E, Waverly, Lansing, MI
Property

VacantLand
For Sale

$25,000
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912 Centennial Way Suite 340

912 Centennial Way Suite 340, Waverly, Lansing, MI
Property

Office

826 SF
For Sale

$79,900
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200 North Washington Square

200 North Washington Square, Lansing, MI
Property

Office

50,391 SF
Availability

3 Spaces

10,438 SF
Year Built

1978
For Lease

$24.00/SF/YR
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3316 South Martin Luther King Junior Boulevard

3316 South Martin Luther King Junior Boulevard, Lansing, MI
Property

Retail

2,878 SF
Availability

1 Space

2,878 SF
Year Built

1962
For Lease

$12.00/SF/YR
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Holiday Office Park

6545 Mercantile Drive, Lansing, MI
Property

Office

79,904 SF
Availability

1 Space

7,600 SF
Year Built

1974
For Lease

$10.00 - $18.00/SF/YR
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2524 S. Cedar St.

2524 S. Cedar St., Lansing, MI
Property

Retail

5,980 SF
Availability

1 Space

5,980 SF
For Lease Contact for pricing
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801 S Holmes St

801 S Holmes St, Lansing, MI
Property

Office

1,519 SF
Year Built

1957
For Sale

$99,900
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Edgewood Towne Center

438 E. Edgewood Boulevard, Lansing, MI
Property

Retail

85,757 SF
Availability

5 Spaces

35,946 SF
For Lease Contact for pricing
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5436 S Cedar St

5436 S Cedar St, Lansing, MI
Property

Retail

2,667 SF
Year Built

1982
For Sale

$590,000
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Single Tenant Light Industrial/Retail Building

5505 S Pennsylvania Ave, Lansing, MI
Property

Industrial

17,014 SF
Year Built

1968
For Sale

$1,100,000
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200 S Washington Sq

200 S Washington Sq, Lansing, MI
Property

Retail

30,375 SF
Availability

1 Space

3,000 SF
Year Built

1923
For Lease

$20.00/SF/YR
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Miller Rd Parcel 1

2600 W Miller Rd, Lansing, MI
Property

VacantLand
For Sale

$159,900
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2130 W Holmes Rd

2130 W Holmes Rd, Lansing, MI
Property

VacantLand

33,683 SF
Year Built

1929
For Sale

Call for Price
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700 E Kalamazoo St

700 E Kalamazoo St, Lansing, MI
Property

Industrial

32,937 SF
Year Built

1966
For Sale

$399,500
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Lansing Industrial Center

111 W Mount Hope Ave, Lansing, MI
Property

Industrial

15,664 SF
Availability

1 Space

15,664 SF
Year Built

2004
For Lease

$7,000.00/MO
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2510 E Michigan Ave

2510 E Michigan Ave, Lansing, MI
Property

Retail

5,778 SF
Year Built

1959
For Sale

$495,000
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Lansing 74

5500 Kaynorth Road, Lansing, MI
Property

Other

57,202 SF
For Sale Contact for pricing
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3940 N Grand River Ave

3940 N Grand River Ave, Lansing, MI
Property

Industrial

17,135 SF
Year Built

1962
For Sale

$999,000
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N East Street Investment Real Estate

3405 North East Street, Lansing, MI
Property

Industrial

8,000 SF
Year Built

1947
For Sale

$292,327
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Lansing Towne Center

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

Retail

111,715 SF
Availability

6 Spaces

16,693 SF
For Lease Contact for pricing
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915 Centennial Way

915 Centennial Way, Waverly, Lansing, MI
Property

Office

10,132 SF
Availability

2 Spaces

8,403 SF
Year Built

1995
For Lease

$15.00/SF/YR
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3139-3145 S. Pennsylvania Ave

3139-3145 S. Pennsylvania Ave, Lansing, MI
Property

Office

7,222 SF
Availability

3 Spaces

5,750 SF
Year Built

1964
For Lease

$8.00 - $10.00/SF/YR
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Ground Lease - High Traffic & Excellent Visibility

2750 Preyde Blvd, Lansing, MI
Property

Other
Availability

1 Space

12,400 SF
For Lease Contact for pricing
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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 Lansing commercial real estate market incorporates 2,584,209 square feet of office space across 103 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 Lansing commercial real estate market includes 2,400,464 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. Across the Lansing market, there is a total of 4,289,643 square feet of industrial property.

The listing inventory in Lansing 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 Lansing is represented by Industrial space, which accounts for 2,771,885 square feet of available listings. Retail space available in Lansing adds up to 915,234 square feet.

Meanwhile, most of the listings of commercial property for sale in Lansing 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 Lansing is $14.51 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 Lansing 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. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $19.54 per square foot, industrial space in Lansing saw average rents of $6.09 per square foot.

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 Lansing, 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 $32 per square foot. In particular, the property type commanding the highest lease rates in Lansing was Office space.

Conversely, the highest sale price last year was $3,900,000 that is located at 5913 Executive Drive.

The average size of a commercial property in Lansing 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 Lansing, the average size of an office property is 35,401 square feet.
Retail properties here incorporate an average of 34,293 square feet.
Industrial space in Lansing is in buildings that are, on average 129,990 square feet in size.

Lansing, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Lansing currently add up to 2,908,491 square feet. The market offers 74 active office listing(s), which amount to 824,258 square feet and account for 43% of commercial spaces on the market. Local retail availability includes 804,324 square feet across 67 retail space(s). Industrial space for rent opportunities in Lansing amount to 1,215,175 square feet across a total of 25 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	74	824,258
Retail	67	804,324
Industrial	25	1,215,175
Other	3	64,734

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 Lansing, MI. Currently, there is 2,812,513 square feet of commercial property for sale here , which includes 28 office building(s) for sale , 28 retail investment opportunity listing(s) , and 27 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	28	760,115
Retail	28	270,423
Industrial	27	1,494,841
Other	47	287,134

Lansing, MI Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

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

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

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

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

Lansing, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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