6500 Lovers LnPortage, MI 49002

Property Details for 6500 Lovers Ln

Lot size

7.90 AC

Zone code

I-1

Property type

Industrial land

APN

10-00010-280-O

APU

1000010280O

Description

This exceptional 12.55-acre industrial land parcel in Portage, Michigan, is offered at $249,000 ($6/acre). Zoned I-1 for light industrial use, this property boasts a prime location, offering excellent access and visibility. Situated on Lovers Lane, it's conveniently located near the I-94 interchange (approximately 1.7 miles from the Southwestnedge interchange and 2.7 miles from the Portage Road interchange). The property's strategic position across from the new Stryker Headquarters further enhances its appeal. The sale includes 6510 Lovers Lane, adding to the overall acreage. This represents a rare opportunity in a limited industrial land market, ideal for users or developers seeking a well-situated and sizable parcel. The estimated usable acreage is 6.0 acres within the I-1 zoning. The property's address is 6500 Lovers Ln, Portage, MI 49002, and is located in Kalamazoo County.

• CAP approach

  CAP return

  Valuation

  6%

  $134,382,000

  6.5%

  $124,045,000

  7%

  $115,184,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $71,715,400

  Geo Method

  $71,715,400

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $65,422,500

  Mixed-Use / Specialty

  $66,618,000

  Hospitality / Lodging

  $50,735,700

  Office

  $67,710,400

  Institutional / Educational

  $69,766,500

  Residential Income

  $81,626,900

  Multifamily

  $89,978,100

  Automotive / Energy

  $59,799,900

  Parking / Income-Based Land

  $19,224,600

  Restaurant / Food Service

  $37,697,800

  Healthcare / Senior Housing

  $66,850,400

Location Insight

City

Portage

County

Kalamazoo

State

Michigan

Latitude

42.2222

Longitude

-85.5762

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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