139 Pearl Street NW, Grand Rapids, MI 49503 - MLS#65025033848

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Fontaine Real Estate Group

clientsupport@fontainerealtyteam.com +1(248) 654-8700

$4,000,000

Est. payment - /mo

16,812 SqFt

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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

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Fontaine Real Estate Group

+1(248) 654-8700

Real Estate Agent | License ID: 370315

Real Estate Agent License ID: 370315

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139 Pearl Street NW Grand Rapids, MI 49503

Fontaine Real Estate Group

Key Details

Location

Interior

Building

Schools

Others

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