139 Pearl Street NW, Grand Rapids, MI 49503 (MLS# 25034224)
139 Pearl Street NW, Grand Rapids, MI 49503
New Listing
$4,000,000
Property Type:
Multi Family
Lot Size (sq. ft.):
4,530
Status:
Active
Current Price:
$4,000,000
List Date:
7/11/2025
Last Modified:
7/15/2025
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.
More Information MLS# 25034224
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
Lot Measurement: Acres
Lot Square Footage: 4530
Lot Acres: 0.1
Lot Dimensions: 42 x 304.62
Year Built: 1890
New Construction: No
Cert of Compliance: No
Road Frontage: 42
Total # Units: 2
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
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 & Ty: None
Zoning: Commercial
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit Description: 1 Bedroom
SqFt: 500
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 2 Bedroom
SqFt: 769
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: In Unit
Exterior Material: Stone; Other
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; High Speed Internet
Owner Pays: Electricity; Gas; Sewer; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: MOXIE Real Estate + Development
Listing Agent: Daniel Kolp
Last Updated: July - 15 - 2025
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