5220 Lovers Ln Portage, MI 49002-1599
- Commercial real estate
- 22,122 SF
- 4.02 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5220 Lovers Ln
- Year built
- 1986
- Lot size
- 4.02 lot acres
- Property size
- 22,122 SF
- Zone code
- B-2
- Property type
- Commercial real estate
- APN
- 10-00003-045-B
- APU
- 1000003045B
Description
This three-story, 30,579-square-foot Class B office building in Portage, Michigan, offers flexible spaces ranging from 572 to 2,345 square feet, ideal for executive, medical, or creative office uses. Located at 5220 Lovers Lane, near E Kilgore Rd, it boasts a prime location less than 10 minutes from downtown Kalamazoo, providing easy access to both urban amenities and suburban tranquility. The building features a single-story glass atrium lobby, one passenger elevator, 428 parking spaces, and on-site FedEx and UPS drop boxes. Amenities include efficient floorplates, light-filled offices, redundant fiber optics, access control, operable windows, zoned HVAC systems, and customizable interiors. The property sits on 4.02 acres (155,850 sq ft) and benefits from a park-like setting with walking trails, making it an attractive option for businesses seeking a collaborative and productive work environment. The building's design encourages collaboration and productivity, with features such as a central core facilitating space planning and socially distanced furniture layouts. The property is zoned B-2 - Community Business and has a Kalamazoo County APN of 00003-045-B. The building's exterior is a combination of glass, brick masonry, and vinyl with architectural accents. Its proximity to major employers like Pfizer and Stryker, along with convenient access to I-94 and US-131, makes it an excellent choice for businesses seeking a strategic location in a growing area. The area offers a strong workforce, with 56.4% of Portage residents holding college degrees, and a projected population growth of over 2.8% within a 5-mile radius over the next five years. Signage opportunities are available. Taxes are $1.26 per square foot. The building was constructed in 1986 and has an 8-foot ceiling height. Consumers Energy provides power.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,752,000
- AI Estimate
- $1,752,000
Market price range: $1.28M - $4.00MMarket price range: $1.28M - $4.00M
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Location Insight
- Map
- Local Demand
- City
- Portage
- County
- Kalamazoo
- State
- Michigan
- Longitude
- -85.5767
- Latitude
- 42.2425
- CBSA code
- 28020
- CBSA name
- KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA