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116-120 Ottawa Ave NW
Grand Rapids, MI 49503
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Grand Rapids CBD location.
- Located next to multi-level parking ramp.
- Functional layouts.
- Move-in ready with custom-built furniture.
- High-end finishes throughout.
- Dedicated elevator entry per floor.
EXECUTIVE SUMMARY
Multiple opportunities await at 116 Oawa Avenue, the former location of the historic Peninsular Club in the heart of downtown Grand Rapids. Several configuration options available including Class A office spaces, event space or even a combination of both. The quality of finishes, attention to detail and the blend of historic features combined with updated technology will astound everyone who enters.
An extraordinary opportunity: These premier spaces boast not only luxury but also unparalleled convenience, with direct access into a multi-level parking ramp. This location epitomizes the perfect blend of work and leisure. With a thoughtfully curated mix of private offices, conference rooms, and expansive open areas, the floorplans available are poised to accommodate diverse business needs and collaboration preferences seamlessly.
An extraordinary opportunity: These premier spaces boast not only luxury but also unparalleled convenience, with direct access into a multi-level parking ramp. This location epitomizes the perfect blend of work and leisure. With a thoughtfully curated mix of private offices, conference rooms, and expansive open areas, the floorplans available are poised to accommodate diverse business needs and collaboration preferences seamlessly.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
43,216 SF
Building Class
B
Year Built/Renovated
1914/2012
Price
$7,395,000
Price Per SF
$171.12
Percent Leased
Vacant
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
8,643 SF
Building FAR
2.48
Lot Size
0.40 AC
Zoning
TN-CC - City Center
Parking
130 Spaces (3.01 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Restaurant
- Reception
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 41-13-25-282-020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,587,100 |
PROPERTY TAXES
Parcel Number
41-13-25-282-020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,587,100
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