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

139 Pearl Street

^$ 4,000,000

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139 Pearl Street

Grand Rapids, MI, 49503

^$ 4,000,000

Studio 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.

Multi-Family Active

Price

^$ 4,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 61,608

Style

Lot Size

0.1

Year Built

1890

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70480881

Features

General

Heating Forced Air

Status Active Active

Year Built 1890

County Kent

Class MULTIFAMILY

Type Multi-Family

Municipality Grand Rapids

Zoning Commercial

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Grand Rapids (41032)

Primary City Grand Rapids

City Grand Rapids

School District Grand Rapids City School Distric

Financial Terms Cash Conventional

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

DOM 160

Postal Code 49503

Public Remarks Proud to present 139 Pearl for sale. This licensed boutique hotel is strategically located in the heart of Grand Rapids core downtown business district

Exterior

Exterior Other Stone

Frontage 42

Lot Size Area 0.1

Lot Dimensions 42 x 304.62

Waterfront Y/N No

Interior

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Daniel Kolp

Listing Agent

Moxie Real Estate + Development

Broker

dannyk@workwithmoxie.com

Affordability Calculator

$30,089

Per Month

Monthly Principal & Interest: $24,955
Monthly Property Taxes: $5,134
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Grand Rapids, MI

Average List Price ^$526,701

Percent of Sale Price 87%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3147031 Elementary School

3147033 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/11/2025	$4,000,000		Listed Price

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139 Pearl Street, 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 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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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139 Pearl Street

Multi-Family Home for sale in Grand Rapids, MI

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