120 Ottawa AveGrand Rapids, MI 49503

  • Commercial real estate
  • 269,990 SF
For Lease
$25/SF/YR View listing

Property Details for 120 Ottawa Ave

Year built
2018
Lot size
1.28 AC
Property size (Sq ft)
269,990 SF
Zone code
TN-CC
Property type
Commercial real estate
APN
41-13-25-449-002
APU
411325449002

Description

This prestigious Grand Rapids office building, formerly the historic Peninsular Club, offers multiple configuration options for businesses seeking Class A space. Located at 120 Ottawa Ave NW, this 41,065 square foot building provides a range of suite sizes, from a minimum of 5,759 square feet to a maximum contiguous space of 23,059 square feet. Currently, 28,848 square feet are available. The property boasts a blend of historic charm and modern updates, featuring high-quality finishes and attention to detail. Tenants enjoy unparalleled convenience with direct access to a 70-space multi-level parking ramp and direct entry to the MVP Athletic Metro Club, seamlessly blending work and leisure. Flexible floorplans accommodate diverse needs, including private offices, conference rooms, and expansive open areas, ideal for fostering collaboration. The building's prime downtown location in Kent County, Michigan (zip code 49503), offers exceptional visibility and accessibility. This is an extraordinary opportunity to secure premier office space in a landmark building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $56,442,996
    Hospitality
    $51,701,480
    Educational
    $43,015,024
    Medical
    $44,494,376
    Retail
    $66,912,260

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9601
Longitude
-85.6716
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$554,598
-
-
$12,286,000
-
-
-
$24,572,000

FAQs

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