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139 Pearl Street NW City of Grand Rapids, MI $ 4,000,000
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$ 4,000,000 Get more info
139 Pearl Street NW
$ 4,000,000
Back to search
Share Save

139 Pearl Street NW

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

Monthly Estimate*

$ 24,955

139 Pearl Street NW, City of Grand Rapids, MI 49503 - Image 1
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Studio Multi-Family Home for sale in City of 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

MultiFamily

Lot Size

0.1

Year Built

1890

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65025034224
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Utilities ElectricityConnected NaturalGasConnected
Possession CloseOfEscrow
Construction Materials Other Stone
Year Built 1890
Property Subtype MultiFamily
Tax Year 2024
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Active
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Other
Number Of Units Total 2
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 61608.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered 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
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Laundry Features InUnit
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Exterior
Water Source Public
Total Parking 0.0
Lot Size Area 4530.0
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
Daniel Kolp

Listing Agent

Moxie Real Estate + Development

Broker

(616) 550-2684

Phone

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
4909624 Elementary School
4909684 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
7/11/2025$4,000,000 Listed Price

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139 Pearl Street NW, City of 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 City of Grand Rapids, MI

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