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120 Ottawa Avenue NW City of 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

City of Grand Rapids, MI, 49503
$ 6,500,000
Bedrooms-- Baths11.0 Sq 43,216

Monthly Estimate*

$ 40,022

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Commercial Property for sale in City of Grand Rapids, MI for $6,500,000 with 11 full baths. This 43,216 square foot 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

CommercialSale

Lot Size

0.39

Year Built

1956

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65026001291
Features
General
Sewer PublicSewer
Heating HeatPump NaturalGas
Cooling CentralAir
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected
Possession SubjectToTenantRights
Construction Materials Block Brick
Year Built 1956
Tax Year 2025
Current Use Investment
Ownership LLC
Business Type ProfessionalOffice
County Kent
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Garage Y/N N
Building Features Elevators
Status Active
Directions I96 to Ottawa Exit South 2 blocks
City GrandRapidsCity_Kent
Disclosures DocumentsRequireConfidentialityAgreement NonConformingZoning
Senior Community Y/N N
High School District GrandRapids
Zoning Description Other
Number Of Units Total 5
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 143787.0
Home Warranty Y/N N
Lease Renewal Y/N N
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 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
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Vacant
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
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Exterior
Parking Features None
Water Source Public
Lot Size Area 16988.0
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
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Total Baths 11
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Internal Only
Street Number 1 120
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* Excluded Features
List By
Gerald Feenstra

Listing Agent

Re/Max Of Grand Rapids (Stndl)

Broker

(616) 706-2674

Phone

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
4909624 Elementary School
4909684 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/12/2026$6,500,000 Listed Price

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120 Ottawa Avenue NW, City of Grand Rapids, MI, 49503 is a Commercial Property for sale at $6,500,000 with 43,216 sqft and 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 City of Grand Rapids, MI

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