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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
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Share Save

139 Pearl Street NW

City of Grand Rapids, MI, 49503
$ 4,000,000
Bedrooms-- Baths16.0 Sq 16,812

Monthly Estimate*

$ 24,955

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Commercial Property for sale in City of Grand Rapids, MI for $4,000,000 with 16 full baths. This 16,812 square foot building was built in 1890 on a lot size of 0.1.

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.

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Commercial Active

Price

$ 4,000,000

Full Bath

16

Property Type

Commercial

Taxes

$ 61,608

Style

BusinessandRealEstate

Lot Size

0.1

Year Built

1890

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65025033848
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Utilities ElectricityConnected NaturalGasConnected PhoneAvailable
Possession CloseOfEscrow
Construction Materials Concrete
Year Built 1890
Property Subtype BusinessandRealEstate
Tax Year 2024
County Kent
New Construction N
Property Type BusinessOpportunity
HOA N
Attached Garage N
Garage Y/N N
Building Features Furniture
Status Active
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Number Of Units Total 16
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
Building Area Units SquareFeet
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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Exterior
Water Source Public
Lot Size Area 4530.0
Number of Buildings 1
Spa N
Building Area Total 16812.0
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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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Total Baths 16
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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
7/10/2025$4,000,000 Listed Price

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139 Pearl Street NW, City of Grand Rapids, MI, 49503 is a Commercial Property for sale at $4,000,000 with 16,812 sqft and a lot size of 0.1. 139 Pearl Street NW has 16.0 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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