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
139 Pearl Street NW, Grand Rapids, MI 49503
$4,000,000
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
Cross Streets: Pearl and Monroe
Property Sub-Type: 5+ Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 42 x 304.62
Road Frontage: 42
Cert of Compliance: No
Waterfront: No
Basement: No
Total # Units: 2
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Parking Spaces: 0
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 4530
Lot Acres: 0.1
Year Built: 1890
Tax Info
Taxable Value: 1170323
SEV: 13418
For Tax Year: 2025
Seller's Annual Property Tax: 61608
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: None
Zoning: Commercial
Tax ID #: 41-13-25-277-030
Remarks & Misc
Legal: 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
Waterfront Options
Water Access Y/N: No
Util Avail at Street
Cable Available: 1
High Speed Internet: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
In Unit: 1
Exterior Material
Stone: 1
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Substructure
Full: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Water: 1
Unit 1
Unit Description: 1 Bedroom
SqFt: 500
Occupied: Yes
Monthly Rent: 0
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 2 Bedroom
SqFt: 769
Occupied: Yes
Monthly Rent: 0
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
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
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
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
