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    120 Ottawa Ave Grand Rapids, MI 49503

    For Lease
    $25 SF/Yr

    Class A Office Suites, 5,759 - 23,059 SF

    Lot size:
    41,065 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    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.

    Property Features for 120 Ottawa Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,065 SF
    Class
    A
    Total Rate
    85552.08

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    5,783 SF
    Rate per SF
    $25
    Space
    3rd Floor
    Size
    5,759 SF
    Rate per SF
    $25
    Space
    4th Floor
    Size
    11,517 SF
    Rate per SF
    $25
    Space
    5th Floor
    Size
    5,789 SF
    Rate per SF
    $25
    Space
    2nd Floor + 3rd Floor
    Size
    11,542 SF
    Rate per SF
    $25
    Space
    2nd + 3rd + 4th Floor
    Size
    23,059 SF
    Rate per SF
    $25

    HighLights

    • Downtown Grand Rapids location.
    • Move‑in ready with custom furniture included.
    • On‑site parking available.
    • High‑end finishes throughout the space.
    • Exceptional attention to detail in design and construction.
    • Efficient and functional floor plans.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Studio Park(ing) Parking Garage

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6699603
    Latitude
    42.9657187

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Suites, 5,759 - 23,059 SF
    Where is this office property / space located?
    The property is located at 120 Ottawa Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Downtown Grand Rapids location.; Move-in ready with custom furniture included.; On-site parking available.
    Request Owner's contact information
    120 Ottawa Ave Grand Rapids, MI 49503
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    Grand Rapids, MI 49503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Ottawa Ave Grand Rapids, MI 49503
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