120 Ottawa Avenue NW, Grand Rapids, MI 49503 - Photo 1

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$6,350,000 -$150,000 (-2.31%) Price Reduced

For Sale
Active
Office
43,216 Sq. Ft.
Updated 5 days ago

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Property 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.

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Full Property Details

Full Property Details for 120 Ottawa Ave NW

General

Price: $6,350,000
Taxes: $143,787
Status: Active
Type: Office
Source: SWMRIC_MLS
MLS ID: 26001291
Updated: 3/27/2026
Added to Site: 79 day(s) ago

Business

Business Type: Professional/Office, Recreation

Rooms

Bathrooms

Total Bathrooms: 11
Full Bathrooms: 11

Location

Area: Grand Rapids - G
County: Kent
Cross Streets: Fountain
Driving Directions: I96 to Ottawa Exit, South 2 blocks

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air Conditioning
Heating Type: Heat Pump

Utilities

Utility Description: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Structural Information

# Buildings: 1
Construction: Brick
Foundation: None
Stories/Levels: 9999
Square Feet: 43,216
Year Built: 1956

Lot Features

Lot Size (Acres): 0.39
Lot Size (Sq. Ft.): 16,988
Lot Dimensions: IRR
Frontage: Paved
Zoning: Com 207

Financial Considerations

Tax Amount: $143,787
Terms: Conventional, Cash

Disclosures and Reports

Ownership: LLC
Legal Description: UNIT 1 OTTAWA AND FOUNTAIN CONDOMINIUM KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.751 INSTRUMENT NO.20050627-0074304
Property ID: 41-13-25-282-025

Listed by RE/MAX of Grand Rapids (Stndl), Gerald Feenstra

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Listing agent

— 120 Ottawa Ave NW —

Gerald Feenstra

RE/MAX of Grand Rapids (Stndl)

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Schools

Schools serving 120 Ottawa Ave NW

School District:Grand Rapids Public Schools

Name	Grades	Distance
Grand Rapids Montessori Public School 159 College Avenue Northeast, Grand Rapids, MI 49503	PK-12	0.6 mi
John Ball Park Zoo School 1300 Fulton Street West, Grand Rapids, MI 49504	6-	1.5 mi
Center For Economicology 1720 Plainfield Avenue Northeast, Grand Rapids, MI 49505	6-	1.9 mi
Grand Rapids University Preparatory Academy 512 Division Avenue South, Grand Rapids, MI 49503	6-12	0.8 mi
City High Middle School 1720 Plainfield Avenue Northeast, Grand Rapids, MI 49505	7-12	1.9 mi
Alger Middle School 921 Alger Street Southeast, Grand Rapids, MI 49507	6-8	3.4 mi
Innovation Central High School 421 Fountain Street Northeast, Grand Rapids, MI 49503	9-12	0.6 mi
Ottawa Hills High School 2055 Rosewood Avenue Southeast, Grand Rapids, MI 49506	9-12	3.5 mi
Blandford Nature Center 3143 Milo Street Northwest, Grand Rapids, MI 49534	6-	4.3 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 120 Ottawa Ave NW Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/27/2026

Price Reduced

$6,350,000

-2.31%

MLS

1/12/2026

Listed

$6,500,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 120 Ottawa Ave NW

Year

Property Taxes

Change

Tax Assessment

Change

2021

$554,598

—

$12,286,000

10%

2021

$554,598

219%

$11,166,500

2019

$173,699

—

$10,626,300

2019

$173,699

—

$10,545,200

224%

2019

$173,699

—

$3,254,900

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 120 Ottawa Ave NW

120 Ottawa Avenue NW, Grand Rapids, MI 49503 (MLS# 26001291) is a Office property. 120 Ottawa Avenue NW is currently listed for $6,350,000 and was received on January 12, 2026. Want to learn more about 120 Ottawa Avenue NW? Do you have questions about finding other Office real estate for sale in Grand Rapids? You can browse all Grand Rapids real estate or contact a Coldwell Banker agent to request more information.

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120 Ottawa Ave NW Grand Rapids, MI 49503