About 139 Pearl Street
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.
Features of 139 Pearl Street
| MLS® # | 25034224 |
|---|---|
| Price | $4,000,000 |
| Acres | 0.10 |
| Year Built | 1890 |
| Type | Multi Family |
| Sub-Type | 5+ Units |
| Status | Active |
Community Information
| Address | 139 Pearl Street |
|---|---|
| Area | Grand Rapids - G |
| City | Grand Rapids |
| County | Kent |
| State | MI |
| Zip Code | 49503 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| New Construction | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
| # of Fireplaces | 1 |
School Information
| District | Grand Rapids |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Daniel Kolp |
|---|---|
| Office | MOXIE Real Estate + Development |