Updated Office
For Sale
$214,900
6922 Lovers Lane, Portage, MI 49002
Commercial Sale, Portage, MI
Property Size1,350 SF
Lot Size0.50 Acres
Price / SF$159.19
Days on Market54
Property Features for 6922 Lovers Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
Broadband
Elementary school district
Portage
Middle school district
Portage
High school district
Portage
Standard status
Active
APN
00010-330-O
Size
1,350 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
on file
Tax Annual Amount
4656
Legal Description
on file
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1955
Floors in Building
1
Number of units
1
Building materials
Wood Siding
Roof type
Composition
Buildings
1
Listing Agency:
Chuck Jaqua, REALTOR
(269) 381-7653
Listed By:
Lisa Faber · License #6501279549
(269) 352-0330
Added: Sep 12
Changed: Nov 1
Last Checked: Nov 4 at 8:06AM
MLS# 26049130
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 1,350-square-foot office property occupies a 0.5-acre parcel in Portage and includes two large rooms suitable for office use, two full bathrooms, a spacious sitting area, and main-floor laundry. The interior has updated kitchen and bathroom areas, hardwood flooring, forced-air heat, central air, broadband, and natural gas availability. Wood siding and a composition roof complete the building’s exterior features.
The site includes a fully fenced backyard with a new privacy fence. Its Portage location places the property within minutes of Celery Flats, shopping, restaurants, and highways. Built in 1955, the property is zoned I-1 and is currently used as a residential home.
The site includes a fully fenced backyard with a new privacy fence. Its Portage location places the property within minutes of Celery Flats, shopping, restaurants, and highways. Built in 1955, the property is zoned I-1 and is currently used as a residential home.
Key Highlights
- I‑1 zoning
- 1,350 square feet on a 0.5‑acre lot
- Two large rooms/offices and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,530
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,600
$270.6K
Cap Rate 7%
$193,286
$193.3K
Cap Rate 9%
$150,333
$150.3K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$19.4K $14.40/SF
− Vacancy
−$1.4K −$1.04/SF
EGI
$18.0K $13.36/SF
− OpEx
−$4.5K −$3.34/SF
NOI
$13.5K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,600
Cap Rate 7%
$193,286
Cap Rate 9%
$150,333
Alternative Uses
Best Use
Office B
$193.3K
$169.1K – $225.5K
NOI $13,530 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$353.3K
$309.1K – $412.2K
NOI $24,729 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
147
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
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - I-1 zoning supports office use with two rooms, two full baths, and a dedicated waiting-area configuration.
Where is this office unit located?
The property is located at 6922 Lovers Lane Portage, MI.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: I‑1 zoning; 1,350 square feet on a 0.5‑acre lot; Two large rooms/offices and 2 full baths
