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Medical Office Condo
For Sale
Contact for pricing
Pending

5052 Lovers Lane, Portage, MI 49002

Configured for medical use with on-site customer parking and views toward the Portage Creek Bicentennial Trail.

Property SizeContact for details
Days on Market145

Property Features for 5052 Lovers Lane

General Information

Standard status Pending
Property subtype Office

Additional Details

Cap Rate 8%

Amenities

views of The Portage Creek Bicentennial Trail

Building Details

Tenancy Single
Listing Agency: The Barton Group llc
Listed By: Gary Barton · License #MI
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Sep 2 at 4:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Barton Group llc

Investment Insights

Based on property information with market context.

This office condominium is arranged for medical occupancy and is described as well maintained. A long-term tenant is expected to remain, providing an established occupancy profile for the property. The offering carries an 8% CAP rate.

The suite has convenient access and on-site parking for visitors. Its position at Lovers Lane and Kilgore places it across from Loy Norrix High School and Milham Park, with views of the Portage Creek Bicentennial Trail. The property address is 5052 Lovers Lane, Portage, MI 49002.

Key Highlights

  • Medical office condominium configured for medical use
  • 8% CAP rate
  • Long‑term tenant expected to remain

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Real Estate Agency Auto Parts Store Auto Repair Shop HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

261
Businesses Nearby
Under-served
Demand for This Use

Demographics for 49002, MI

19,553
Population
8,975
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
17.3 sq mi
ZIP Area
1,130
Density / Sq Mi
$71,621
Median Household Income
$45,938
Median Earnings
$910
Median Rent
$223,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Configured for medical use with on-site customer parking and views toward the Portage Creek Bicentennial Trail.
Where is this medical office space located?
The property is located at 5052 Lovers Lane Portage, MI.
What are key features of this property?
This property features: Medical office condominium configured for medical use; 8% CAP rate; Long‑term tenant expected to remain
(269) 216-7350 Call to check price and availability
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