139 Pearl Street NW, Grand Rapids, MI 49503 - MLS#65025034224

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Coldwell Banker Town & Country Real Estate

karengillrealestate@gmail.com +1(810) 397-4451

$4,000,000

Est. payment - /mo

2 Beds

4,356 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65025034224

Bedrooms 2

Year Built 1890

Annual Tax Amount $61,608

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 42 x 304.62

Source Greater Regional Alliance of REALTORS®

Property Description

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

Zoning Other

Interior

Interior Features Laundry Facility

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage no

Private Pool No

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Other,Stone

Schools

School District Grand Rapids

Others

Pets Allowed Yes

Tax ID 411325277030

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Listed by Daniel Kolp of MOXIE Real Estate + Development

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Coldwell Banker Town & Country Real Estate

+1(810) 397-4451

Broker | License ID: 308761

Broker License ID: 308761

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139 Pearl Street NW Grand Rapids, MI 49503

Coldwell Banker Town & Country Real Estate

Key Details

Location

Interior

Exterior

Building

Schools

Others

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