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

120 Ottawa Avenue NW, Grand Rapids, MI 49503

$6,500,000

Virtual Tour

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1st Floor Leading to elevators, bathrooms, and current lease (Macatawa Bank)

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

Overview

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.

Listing Details MLS# 26001291

Location Property Info

County: Kent
Street #: 120
Street Name: Ottawa
Suffix: Avenue
Post Direction: NW
State: MI
Zip Code: 49503

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: Yes
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
Homestead %: 0

Remarks Misc

Directions: I96 to Ottawa Exit, South 2 blocks

Additional Details

Passenger Elevators: 2

More Information

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

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

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

Street Type

Paved: Yes

Property Use

Business: Yes
Investment: Yes
Vacant/Owner-User: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Professional/Office: Yes
Recreation: Yes

Construction Type

Block: Yes

Exterior Material

Brick: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Heat Type

Heat Pump: Yes

Air Conditioning

Central Air: Yes

Business Includes

Other: Yes

Util Avail at St

None: Yes

Driveway

None: Yes

Docs Req Conf Agrmnt

Financials: Yes
Leases: Yes
Rent Roll: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Subject To Tenant Rights: Yes

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

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