$6,500,000
Grand Rapids, MI 49503
MLS# 26001291
43216 sqft
1 / 46
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.
Details
Maps
Location Property Info
County: Kent
Street #: 120
Street Name: Ottawa
Suffix: Avenue
Post Direction: NW
State: MI
Zip Code: 49503
Area: Grand Rapids - G
OfficeContract Info
Status: Active
Current Price: $6,500,000
List Price: $6,500,000
Listing Date: 2025-12-08
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: 1
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
Remarks Misc
Directions: I96 to Ottawa Exit, South 2 blocks
Additional Details
Passenger Elevators: 2
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
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 - 12 - 2026
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