Listed by Berkshire Hathaway HomeServices Michigan Real Estate Portage
$899,900
5120 Lovers Lane
Details
APN 3900003049C
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 8,400
Units 5
Cap Rate 9.30%
NOI $85,898
Occupancy 100%
Tenancy Multi
Lease Type Modified
Class B
Year Built 1985
Buildings 1
Stories 1
Parking Spaces 35 spaces
Parking Per SqFt 4.17
Ownership LLC
5 unit building 100% occupied with two Dentist tenants and strong history
Marketing description
Outstanding investment opportunity in North Portage. This fully leased property comprised of five separate condo units has a good mixture of tenants providing a steady stream of income. Tenants are two dentist offices, accountant, counseling and massage. Building is in quiet, wooded location overlooking a creek and trail. Great addition to an investment portfolio or possible future owner occupant.
Investment highlights
Great cap rate on this fully occupied investment property. Strong rental history and units are in high demand based on size and location.
Listing Contacts
Listed by Berkshire Hathaway HomeServices Michigan Real Estate Portage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,898.00
$7,158.17/mo
Valuation Metrics
0
DSCR
9.55%
Cap Rate
9.55%
ROI
Map
Zoning
B-2 CommercialNeighborhood CommercialCommunity Business
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View all 29 uses
View all 29 uses Last updated Mar 10, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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