120 Ottawa Avenue NW, Grand Rapids, MI 49503 (MLS# 26001291)

120 Ottawa Avenue NW, Grand Rapids, MI 49503

New Listing

$6,500,000

Virtual Tour

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Property Type: Commercial Sale Square Footage: 43,216 Lot Size (sq. ft.): 16,988 Status: Active

Current Price: $6,500,000 List Date: 1/12/2026 Last Modified: 1/15/2026

Description

Presenting the former historic Peninsular Club building in the heart of downtown Grand Rapids. Extraordinary opportunity boasting 5 stories of premier space. Building is in great condition including mechanicals and updated technology. Direct access to attached parking ramp. Main floor contains 6457 sf and is currently leased. 2nd and 3rd floors feature 5825 sf each with event and leisure space perfect for entertaining, catered events, or building out your desired space. 4th floor features 11,386 sf of immaculate office space currently occupied. 5th floor is also occupied for office space at 6494 sf. Basement is 7229 sf mostly used for storage.

More Information MLS# 26001291

Location Property Info

County: Kent Street #: 120 Street Name: Ottawa Suffix: Avenue Post Direction: NW State: MI Zip Code: 49503 Area: Grand Rapids - G

OfficeContract Info

Status: Active Current Price: $6,500,000 List Price: $6,500,000 Listing Date: 2025-12-08

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 0.39 Lot Square Footage: 16988 Lot Dimensions: IRR Year Built: 1956 Road Frontage: 265 Mineral Rights: Unknown Total # Units: 5 # Fin Bldg Lvls: 35987 Total # Bldgs: 1 Total SqFt: 43216 Property Use Type: Business Full Baths: 11 Waterfront: No School District: Grand Rapids

Tax Info

Tax ID #: 41-13-25-282-025 Taxable Value: 2587100 SEV: 2587100 For Tax Year: 2025 Seller's Annual Property Tax: 143787 Tax Year: 2025 Spec Assessment & Type: None Non-Conforming Use: No Zoning: Com 207

Remarks Misc

Directions: I96 to Ottawa Exit, South 2 blocks

Additional Details

Passenger Elevators: 2

Unit 1

Unit Description: Office SqFt: 6457

Unit 2

Unit Description: Event Space SqFt: 5825

Unit 3

Unit Description: Event Space SqFt: 5825

Unit 4

Unit Description: Office SqFt: 11386

Unit 5

Unit Description: Office SqFt: 6494

Property Features

Property Use: Business; Investment; Vacant/Owner-User Uses: Professional/Office; Recreation Ownership: LLC Business Includes: Other Construction Type: Block Exterior Material: Brick Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: None Heat Source: Natural Gas Heat Type: Heat Pump Air Conditioning: Central Air Driveway: None Street Type: Paved Purchase Terms Avail: Cash; Conventional Docs Req Conf Agrmnt: Financials; Leases; Rent Roll Sale Conditions: None Possession: Subject To Tenant Rights

Listing Office: RE/MAX of Grand Rapids (Stndl)

Listing Agent: Gerald Feenstra

Last Updated: January - 15 - 2026

120 Ottawa Avenue NW, Grand Rapids, MI 49503- MLS# 26001291

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