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$4,000,000
Est. payment /mo
2 Beds
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65025034224
Bedrooms 2
Year Built 1890
Annual Tax Amount $61,608
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 42 x 304.62
Source Greater Regional Alliance of REALTORS®
Property Description
Proud to present 139 Pearl for sale. This licensed boutique hotel is strategically located in the heart of Grand Rapids core downtown business district, also known as the Hotel District. Originally comprising 14 long-term apartments and 2 commercial spaces (16 total units),the property has undergone a strategic transformation into a mixed-use building, now approved for short-term transient stays. Featuring high quality finishes with tall ceilings, granite surfaces and in unit washer & dryer, these fully furnished units show well and allow a new owner to capitalize on an already stabilized, high-performing boutique hotel in a rapidly growing market. With Grand Rapids continued expansion, the asset is well-positioned for long term appreciation and increased cash flow.
Location
State MI
County Kent
Area Grand Rapids
Zoning Other
Interior
Interior Features Laundry Facility
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage no
Private Pool No
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Other,Stone
Schools
School District Grand Rapids
Others
Pets Allowed Yes
Tax ID 411325277030
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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©2025 Realcomp II Ltd. Shareholders
Listed by Daniel Kolp of MOXIE Real Estate + Development
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