Standalone Manufacturing
6242 Lovers Lane, Portage, MI 49002
For Sale
$149,900
Commercial Sale, Portage, MI
Property Size1,066 SF
Lot Size0.36 Acres
Price / SF$140.62
Days on Market145
Property Features for 6242 Lovers Lane
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Bailey Aivars · License #6501380623
(269) 459-0433
Added: Jun 16
Changed: Oct 22
Last Checked: Nov 7 at 10:06AM
MLS# 26029615
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.
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Investment Insights
Based on property information with market context.
This standalone 1,066-square-foot manufacturing building sits on a 0.36-acre parcel and is configured for dental laboratory operations or other light industrial applications. Existing infrastructure includes a central vacuum system, dust collector, and ventilation hood. Dental lab equipment may be included in the sale. The building also provides a rear accessibility ramp, bathroom, basement, forced-air heating, and central air conditioning.
Constructed in 1929, the property received a new roof in 2024 and a new awning in 2025. It is zoned I-1 Industrial and is located within an Opportunity Zone. Cable is available, and the property is served by a septic tank.
Constructed in 1929, the property received a new roof in 2024 and a new awning in 2025. It is zoned I-1 Industrial and is located within an Opportunity Zone. Cable is available, and the property is served by a septic tank.
Key Highlights
- 1,066 SF standalone manufacturing building on 0.36 acres
- I‑1 Industrial zoning supports manufacturing and light industrial applications
- Central vacuum system, dust collector, and ventilation hood infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,191
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,820
$143.8K
Cap Rate 7%
$102,729
$102.7K
Cap Rate 9%
$79,900
$79.9K
Market Conditions
NOI Build-Up for 1,066 SF
Gross rent
$11.8K $11.04/SF
− Vacancy
−$706 −$0.66/SF
EGI
$11.1K $10.38/SF
− OpEx
−$3.9K −$3.63/SF
NOI
$7.2K $6.75/SF
Area
Kalamazoo County, MI
Vacancy
6.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,820
Cap Rate 7%
$102,729
Cap Rate 9%
$79,900
Alternative Uses
Best Use
Industrial
$229.7K
$201.0K – $268.0K
NOI $16,081 @ 7.0% cap · market cap 10.73%
Second Best
Flex RnD
$102.7K
$89.9K – $119.9K
NOI $7,191 @ 7.0% cap · market cap 4.80%
Theoretical Best
Warehouse
$279.0K
$244.1K – $325.5K
NOI $19,527 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
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Business Placement
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
$223,000
Median Home Value
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Market
Average Price Trend$/SF for Manufacturing properties in Kalamazoo County, MI
Properties on Market for Manufacturing properties in Kalamazoo County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - I-1 Industrial property with lab infrastructure, recent exterior improvements, and potential for light industrial use.
Where is this manufacturing property located?
The property is located at 6242 Lovers Lane Portage, MI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 1,066 SF standalone manufacturing building on 0.36 acres; I‑1 Industrial zoning supports manufacturing and light industrial applications; Central vacuum system, dust collector, and ventilation hood infrastructure
