139 Pearl Street NW Grand Rapids, MI $ 4,000,000
139 Pearl Street NW
$ 4,000,000
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139 Pearl Street NW

Grand Rapids, MI, 49503
$ 4,000,000
Baths0.0

Monthly Estimate*

$ 24,955

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $4,000,000. This home was built in 1890 on a lot size of 0.1.

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.

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Multi-Family Active

Price

$ 4,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 61,608

Style

5+ Units

Lot Size

0.1

Year Built

1890

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

25034224

Features
General
Heating Forced Air
Utilities Cable Available Natural Gas Connected Electricity Connected
Possession Close Of Escrow
Construction Materials Stone Other
Year Built 1890
Tenant Pays None
Township City of Grand Rapids
Property Subtype 5+ Units
Tax Year 2025
County Kent
New Construction N
Property Type Multi Family
Status Active
City Grand Rapids
High School District Grand Rapids
Zoning Description Commercial
Number Of Units Total 2
MLS Area Grand Rapids - G
Lot Size Units Acres
Lot Size Square Feet 4530.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 61608.0
Lease Renewal Y/N N
MLS Area Minor Grand Rapids - G
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 1170323
Legal Description 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
Senior Community None
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Interior
Basement Full
Basement (Y/N) N
Heating Y/N Y
Laundry Features In Unit
Total Baths 0
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Exterior
Total Parking 0.0
Lot Size Area 0.1
Number of Buildings 1
Spa N
Lot Dimensions 42 x 304.62
Lot Size Acres 0.1
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 139
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* Excluded Features
List By
Moxie Real Estate + Development

Broker

dannyk@workwithmoxie.com

Email

Affordability Calculator

$30,089
Per Month
83%
17%
0%
Monthly Principal & Interest
$24,955
Monthly Property Taxes
$5,134
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
250213 Elementary School
249218 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/11/2025$4,000,000 Listed Price

Map


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139 Pearl Street NW, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $4,000,000 with a lot size of 0.1. 139 Pearl Street NW is a studio with 0.0 baths and was built in 1890. The property's zip code is 49503 which is in Grand Rapids, MI