Waverly, MI Commercial Real Estate for Lease and Sale

Explore 63 listings of Waverly commercial real estate to find the best space for your business.

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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6221 West St Joseph Hwy

6221 West St Joseph Hwy, Waverly, Lansing, MI
Property

VacantLand

71.86 Acre
For Sale

$7,186,000
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730 Elmwood Road

730 Elmwood Rd, Waverly, Lansing, MI
Property

Retail

10,323 SF
For Sale

$995,000
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Lansing Towne Center

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

Retail

111,715 SF
Availability

7 Spaces

18,783 SF
For Lease Contact for pricing
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MERS Capitol Park #8

Municipal Way, Waverly, Lansing, MI
Property

VacantLand

2.27 Acre
For Sale

$172,000/Acre
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Verndale Lakes Office Park - Lot 29

W Michigan Ave & Cherbourg Dr., Waverly, Lansing, MI
Property

VacantLand

1.01 Acre
For Sale

$175,982
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7335 Westshire Dr

7335 Westshire Dr, Waverly, Lansing, MI
Property

Office

15,140 SF
Availability

1 Space

2,879 SF
For Lease

$18.00/SF/YR
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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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MERS Capitol Park #2A

Municipal Way, Waverly, Lansing, MI
Property

VacantLand

1.7 Acre
For Sale

$172,000/Acre
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Former La-Z-Boy Showroom For Lease

6025 W Saginaw Hwy, Waverly, Lansing, MI
Property

Retail
Availability

1 Space

29,459 SF
Year Built

1999
For Lease Contact for pricing
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MERS Capitol Park #6

Municipal Way, Waverly, Lansing, MI
Property

VacantLand

1.76 Acre
For Sale

$172,000/Acre
View Details (opens in new window)

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 400,311 square feet of office space across 26 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 781,365 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 266,224 square feet of available listings. Office space available in Waverly adds up to 151,665 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 $13.61 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 $16 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 21,069 square feet.
- Retail properties here incorporate an average of 39,069 square feet.

Waverly, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Waverly currently add up to 336,961 square feet. The market offers 20 active office listing(s), which amount to 180,737 square feet and account for 50% of commercial spaces on the market. Local retail availability includes 156,224 square feet across 20 retail space(s).

Property Type	Count of Listings	Total SF
Office	20	180,737
Retail	20	156,224

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 136,646 square feet of commercial property for sale here , which includes 8 office building(s) for sale , 3 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	8	88,016
Retail	3	48,520
Other	15	110

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Waverly, MI Commercial Real Estate for Lease and Sale

Saginaw Plaza - Retail Space Available

6221 West St Joseph Hwy

730 Elmwood Road

Lansing Towne Center

MERS Capitol Park #8

Verndale Lakes Office Park - Lot 29

7335 Westshire Dr

602 Elmwood Rd

MERS Capitol Park #2A

Former La-Z-Boy Showroom For Lease

MERS Capitol Park #6

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 and Sale

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

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us