5120 Lovers Lane, Portage, MI 49002 (MLS# 26000359)
5120 Lovers Lane, Portage, MI 49002
$925,000
Property Type:
Commercial Sale
Square Footage:
8,400
Status:
Active
Current Price:
$925,000
List Date:
1/05/2026
Last Modified:
1/05/2026
Overview
Description
Outstanding investment opportunity in North Portage. This fully leased property comprised of five separate condo units has a good mixture of tenants providing a steady stream of income. Tenants are two dentist offices, accountant, counseling and massage. Building is in quiet, wooded location overlooking a creek and trail. Great addition to an investment portfolio or possible future owner occupant.
Listing Details MLS# 26000359
Location Property Info
- County
- Kalamazoo
- Street #
- 5120
- Street Name
- Lovers
- Suffix
- Lane
- State
- MI
- Zip Code
- 49002
General Property Info
- New Construction
- No
- Lot Measurement
- Square Feet
- Lot Dimensions
- 0 x 0
- Year Built
- 1985
- Mineral Rights
- Unknown
- Total # Units
- 5
- # Fin Bldg Lvls
- Yes
- # of Diff Unit Floor Plans
- 5
- Total # Bldgs
- Yes
- Total SqFt
- 8400
- Total Net SqFt
- 8400
- Property Use Type
- Net Leased (nnn)
- Full Baths
- 5
- Waterfront
- No
- School District
- Portage
- Road Frontage
- 0
Tax Info
- Tax ID #
- 3900003049C
- Taxable Value
- 336088
- SEV
- 383984
- For Tax Year
- 2025
- Seller's Annual Property Tax
- 21215
- Tax Year
- 2025
- Spec Assessment & Type
- none known
- Zoning
- B-2
- Homestead %
- 0
Remarks Misc
- Directions
- From E Kilgore Rd head South on Lovers Lane to property.
Additional Details
- Total Parking Spaces
- 35
More Information
Income and Expenses
- Annual Maint ($)
- 4835
- Annual Prop Ins ($)
- 1255
- Gross Op Income ($)
- 142017
- Net Operating Income
- 85898
- Total Actual Rent
- 142017
- Operating Expense
- 56119
- Annual Mgt Fees ($)
- 0
Unit 1
- Unit Description
- 5100
- SqFt
- 1116
- Occupied
- Yes
- Rent $/Month
- 1500
- $ Per SqFt
- 16.13
- # Baths
- Yes
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
Unit 2
- Unit Description
- 5102
- SqFt
- 2313
- Occupied
- Yes
- Rent $/Month
- 3753
- $ Per SqFt/Year
- 19.47
- # Baths
- Yes
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
Unit 3
- Unit Description
- 5104
- SqFt
- 1213
- Occupied
- Yes
- Rent $/Month
- 1415
- $ Per SqFt/Year
- 14
- # Baths
- Yes
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
Unit 4
- Unit Description
- 5106
- SqFt
- 1475
- Occupied
- Yes
- Rent $/Month
- 1716
- $ Per SqFt/Year
- 13.97
- # Baths
- Yes
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
Unit 5
- Unit Description
- 5108
- SqFt
- 1966
- Occupied
- Yes
- Rent $/Month
- 34.5
- $ Per SqFt/Year
- 21.06
- # Baths
- Yes
Location & Property Info
- Cross Streets
- Lovers Lane & End
- Property Sub-Type
- Office
- Area
- Greater Kalamazoo - K
- Municipality
- Portage City
- Ownership Type
- Private Owned
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 110.12
- Prop Avail for Lease?
- No
- Current Bldg Use
- 5 condo units rented to separate tenants
Remarks & Misc
- Public Remarks
- Outstanding investment opportunity in North Portage. This fully leased property comprised of five separate condo units has a good mixture of tenants providing a steady stream of income. Tenants are two dentist offices, accountant, counseling and massage. Building is in quiet, wooded location overlooking a creek and trail. Great addition to an investment portfolio or possible future owner occupant.
- Legal
- Trestlewood office condo unit 11
Street Type
- Paved
- Yes
SqFt Information
- Smoke Detector(s)
- Yes
Property Use
- Investment
- Yes
- Net Leased (nnn)
- Yes
Utilities Attached
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Professional Service
- Yes
- Professional/Office
- Yes
Construction Type
- Frame/Wood
- Yes
Exterior Material
- Wood Siding
- Yes
Roofing
- Composition
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Ownership
- LLC
- Yes
Below Grade
- None
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Business Includes
- Non-Applicable
- Yes
Additional Features
- Barrier Free
- Yes
Foundation
- Slab
- Yes
Util Avail at St
- High Speed Internet
- Yes
Tenant Pays All
- Electric
- Yes
- Gas
- Yes
Driveway
- Asphalt
- Yes
- Shared Paved
- Yes
Docs Req Conf Agrmnt
- Financials
- Yes
- Leases
- Yes
Send to Econ Dev Org
- MEDC
- Yes
- SWMI First, Region 5
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
Possession
- Subject To Tenant Rights
- Yes
Property Features
Property Use:
Investment; Net Leased (nnn)
SqFt Information:
Smoke Detector(s)
Uses:
Professional Service; Professional/Office
Ownership:
LLC
Business Includes:
Non-Applicable
Construction Type:
Frame/Wood
Exterior Material:
Wood Siding
Roofing:
Composition
Foundation:
Slab
Below Grade:
None
Additional Features:
Barrier Free
Tenant Pays All:
Electric; Gas
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Natural Gas Connected
Util Avail at St:
High Speed Internet
Heat Source:
Natural Gas
Heat Type:
Forced Air
Air Conditioning:
Central Air
Driveway:
Asphalt; Shared Paved
Street Type:
Paved
Purchase Terms Avail:
Cash; Conventional
Docs Req Conf Agrmnt:
Financials; Leases
Sale Conditions:
None
Send to Econ Dev Org:
MEDC; SWMI First, Region 5
Unit 1:
Tenant Pays Electric; Tenant Pays Gas
Unit 2:
Tenant Pays Electric; Tenant Pays Gas
Unit 3:
Tenant Pays Electric; Tenant Pays Gas
Unit 4:
Tenant Pays Electric; Tenant Pays Gas
Possession:
Subject To Tenant Rights
Listing Office:
Berkshire Hathaway HomeServices MI
Listing Agent:
Ryan Rider
Last Updated: January - 05 - 2026
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