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$4,000,000
Est. payment /mo
16 Baths
16,812 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 16,812 sqft
Price per Sqft $237
Municipality City of Grand Rapids
MLS Listing ID 25033848
Full Baths 16
Year Built 1890
Annual Tax Amount $61,608
Tax Year 2025
Lot Size 4,530 Sqft
Acres 0.1
Lot Dimensions 42 x 304.62
Property Sub-Type Business
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.
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 - G
Interior
Interior Features Broadband
Heating Forced Air
Inclusions Real Estate, Furniture
Exterior
Utilities Available Phone Available, Cable Available, Natural Gas Connected, Electricity Connected
View Y/N No
Building
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-13-25-277-030
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by MOXIE Real Estate + Development