139 Pearl Street NW, Grand Rapids, MI 49503 (MLS# 25033848)

139 Pearl Street NW, Grand Rapids, MI 49503

$4,000,000
Property Type: Commercial Sale Square Footage: 16,812 Lot Size (sq. ft.): 4,530 Status: Active
Current Price: $4,000,000 List Date: 7/10/2025 Last Modified: 7/14/2025

Description

MOXIE is 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.

More Information MLS# 25033848

Location Property Info

County: Kent Street #: 139 Street Name: Pearl Suffix: Street Post Direction: NW State: MI Zip Code: 49503 Area: Grand Rapids - G

OfficeContract Info

Status: Active Current Price: $4,000,000 List Price: $4,000,000 Listing Date: 2025-06-26

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 0.1 Lot Square Footage: 4530 Lot Dimensions: 42 x 304.62 Year Built: 1890 Road Frontage: 42 Total # Units: 16 # Fin Bldg Lvls: 4 Total # Bldgs: 1 Total SqFt: 16812 Full Baths: 16 Waterfront: No School District: Grand Rapids

Tax Info

Tax ID #: 41-13-25-277-030 Taxable Value: 1170323 SEV: 13418 For Tax Year: 2025 Seller's Annual Property Tax: 61608 Tax Year: 2024 Spec Assessment & Type: Commercial

Unit 1

Unit Description: 1 Bedroom SqFt: 500

Unit 2

Unit Description: 2 Bedroom SqFt: 769

Property Features

Uses: Bar/Tavern/Lounge; Professional Service; Restaurant; Other Business Includes: Furniture; Real Estate Construction Type: Concrete Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: Cable Available; High Speed Internet; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Purchase Terms Avail: Cash; Conventional Sale Conditions: None Possession: Close Of Escrow
Listing Office: MOXIE Real Estate + Development
Listing Agent: Daniel Kolp
Last Updated: July - 14 - 2025
139 Pearl Street NW, Grand Rapids, MI 49503- MLS# 25033848
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