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
120 Ottawa Avenue NW, Grand Rapids, MI 49503
$6,500,000
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
Cross Streets: Fountain
Property Sub-Type: Office
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 150.41
Prop Avail for Lease?: Yes
Current Bldg Use: Office/Event
General Property Info
New Construction: No
Lot Dimensions: IRR
Road Frontage: 265
Mineral Rights: Unknown
Waterfront: No
Total # Units: 5
Total # Bldgs: 1
# Fin Bldg Lvls: 35987
Total SqFt: 43216
Property Use Type: Business
School District: Grand Rapids
Lot Measurement: Acres
Lot Acres: 0.39
Lot Square Footage: 16988
Year Built: 1956
Full Baths: 11
Tax Info
Taxable Value: 2587100
SEV: 2587100
For Tax Year: 2025
Seller's Annual Property Tax: 143787
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: None
Non-Conforming Use: No
Zoning: Com 207
Tax ID #: 41-13-25-282-025
Remarks & Misc
Public Remarks: 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.
Legal: UNIT 1 OTTAWA AND FOUNTAIN CONDOMINIUM KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.751 INSTRUMENT NO.20050627-0074304
Additional Details
Passenger Elevators: 2
Street Type
Paved: 1
Property Use
Business: 1
Investment: 1
Vacant/Owner-User: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Professional/Office: 1
Recreation: 1
Construction Type
Block: 1
Exterior Material
Brick: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Heat Type
Heat Pump: 1
Air Conditioning
Central Air: 1
Business Includes
Other: 1
Util Avail at St
None: 1
Driveway
None: 1
Docs Req Conf Agrmnt
Financials: 1
Leases: 1
Rent Roll: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
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
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 120
Street Name: Ottawa
Suffix: Avenue
Post Direction: NW
State: MI
Zip Code: 49503
OfficeContract Info
Status: Active
Current Price: $6,500,000
List Price: $6,500,000
Listing Date: 2025-12-08
Remarks Misc
Directions: I96 to Ottawa Exit, South 2 blocks
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
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
