$4,000,000

139 Pearl Street, Grand Rapids, MI 49503

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 months ago

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.

Listing Status:
Active
Listing Office:
MOXIE Real Estate + Development : 616-890-7794
Listing Agent:
Daniel Kolp : 616-550-2684
MLS ID:
70480881
  • Heating: Forced Air
  • General: OtherStone
  • Originating MLS: MiRealSource
  • School District: Grand Rapids City School District
  • County: Kent
  • Zoning: PART OF LOTS 2 & 3 SEC 1 COM 67.50 FT ELY ALONG N LINE OF PEARL ST /66 FT WIDE/ FROM E LINE OF MONROE AVE /100
  • Source: MiRealSource

This listing courtesy of Daniel Kolp, MOXIE Real Estate + Development

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Coit Creative Arts Academy

617 Coit Ave NE, Grand Rapids, MI, 49503

Grades PK-5

0.62 miles away

G

Grand Rapids Public Museum Middle School

272 Pearl St NW, Grand Rapids, MI, 49504

Grades 6-8

0.28 miles away

G

Grand Rapids Public Museum High School

54 Jefferson Ave SE, Grand Rapids, MI, 49503

Grades 9-12

0.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.