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120 Ottawa Avenue NW Grand Rapids, MI $ 6,500,000
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$ 6,500,000 Get more info
120 Ottawa Avenue NW
$ 6,500,000
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120 Ottawa Avenue NW

Grand Rapids, MI, 49503
$ 6,500,000
Bedrooms-- Baths11.0

Monthly Estimate*

$ 40,022

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Commercial Property for sale in Grand Rapids, MI

for $6,500,000 with 11 full baths. This building was built in 1956 on a lot size of 0.39.

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.

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Commercial Active

Price

$ 6,500,000

Full Bath

11

Property Type

Commercial

Taxes

$ 143,787

Style

Office

Lot Size

0.39

Year Built

1956

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

26001291
Features
General
Heating Heat Pump
Cooling Central Air
Utilities Phone Connected Natural Gas Connected Electricity Connected Cable Connected
Possession Subject To Tenant Rights
Construction Materials Brick
Year Built 1956
Township City of Grand Rapids
Property Subtype Office
Tax Year 2025
Business Type Professional/Office Recreation
County Kent
New Construction N
Property Type Commercial Sale
Full Baths 11
Status Active
Directions I96 to Ottawa Exit South 2 blocks
City Grand Rapids
High School District Grand Rapids
Zoning Description Com 207
Number Of Units Total 5
MLS Area Grand Rapids - G
Lot Size Units Acres
Lot Size Square Feet 16988.0
Listing Terms Conventional Cash
Land Lease Y/N N
Tax Annual Amount 143787.0
Lease Renewal Y/N N
MLS Area Minor Grand Rapids - G
Additional Parcels Y/N N
Lease Considered Y/N Y
Rent Control Y/N N
Virtual Tour https://next-door-photos.vr-360-tour.com/e/RroBmwVhGNU/e?accessibility=false&dimensions=false&hidelive=true&share_button=false&t_3d_model_dimensions=false
Standard Status Active
Tax Assessed Value 2587100
Ownership Type LLC
Legal Description UNIT 1 OTTAWA AND FOUNTAIN CONDOMINIUM KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.751 INSTRUMENT NO.20050627-0074304
Senior Community None
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Exterior
Lot Size Area 0.39
Foundation Details None
Number of Buildings 1
Spa N
Building Area Total 43216.0
Lot Dimensions IRR
Lot Size Acres 0.39
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 9999
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 11
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Internal Only
Street Number 1 120
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* Excluded Features
List By
Re/Max Of Grand Rapids (Stndl)

Broker

gerald@regalgr.com

Email

Affordability Calculator

$52,004
Per Month
77%
23%
0%
Monthly Principal & Interest
$40,022
Monthly Property Taxes
$11,982
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
250213 Elementary School
249218 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
1/12/2026$6,500,000 Listed Price

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120 Ottawa Avenue NW, Grand Rapids, MI, 49503 is a Commercial Property for sale at $6,500,000 with a lot size of 0.39. 120 Ottawa Avenue NW has 11.0 baths and was built in 1956. The property's zip code is 49503 which is in Grand Rapids, MI

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