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Property profile & analytics

5220 Lovers Ln Portage, MI 49002-1599

  • Commercial real estate
  • 22,122 SF
  • 4.02 lot acres
OFF-MARKET
Value Estimations
$1,755,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-2259195
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,752,000
    Market price range: $1.28M - $4.00M
    AI Estimate
    $1,752,000
    Market price range: $1.28M - $4.00M

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$37,141
$0.00
$0.00
$731,800
-
$0.00
$0.00
$1,463,600
More about this property
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