$4,000,000
Grand Rapids, MI 49503
MLS# 25033848
16812 sqft
1 / 51
Property 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.
Details
Maps
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
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