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Additional details
$ 4,000,000
Est. payment /mo
Active
139 Pearl Street NW Grand Rapids, MI 49503
16,812 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Active
Purchase Type For Sale
Square Footage 16,812 sqft
Price per Sqft $237
MLS Listing ID 65025033848
Year Built 1890
Annual Tax Amount $61,608
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 42 x 304.62
Property Sub-Type Business And Real Estate
Source Greater Regional Alliance of REALTORS®
Property Description
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.
Location
State MI
County Kent
Area Grand Rapids
Interior
Heating Forced Air
Heat Source Natural Gas
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block
Schools
School District Grand Rapids
Others
Tax ID 411325277030
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings
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Listed by Daniel Kolp of MOXIE Real Estate + Development