5120 Lovers Lane Portage, MI 49002
COMMERCIAL - Portage, MI
- Added:
- Jan 2, 2026
- Days on Market:
- 190
- Last Refresh:
- Jul 11 at 7:06 am
Property Features for 5120 Lovers Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 5
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 5
- Parking
- 35
- Interior features
- Broadband
- Standard status
- Active
- APN
- 3900003049C
- Size
- 8,400 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Trestlewood office condo unit 11
- Tax Annual Amount
- 21215
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 5
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agent Ryan Rider License #6501273398 (269) 344-8599
Listing office Berkshire Hathaway HomeServices MI 5839 Oakland Drive, Portage, MI (269) 344-8599
Listing date Jan 2, 2026
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located in North Portage in a quiet, wooded setting overlooking a creek and trail. The surroundings provide a calm, park-like view rather than a dense streetscape.
As a result, the building may appeal to buyers looking for a turnkey, multi-tenant office asset where the tenants are established professional service users. It can also suit an owner occupant seeking to take advantage of the existing condo-unit layout and mix of healthcare and business services already operating on-site.
Key Highlights
- Five separate condo units; property is fully leased and includes a mix of tenants for steady income
- Tenant mix includes two dentist offices plus an accountant, counseling, and massage
- Quiet, wooded setting overlooking a creek and trail
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.1k | $16.20 |
| − Vacancy | −$10.2k | −$1.22 |
| EGI | $125.9k | $14.99 |
| − OpEx | −$50.3k | −$5.99 |
| NOI | $75.5k | $8.99 |
