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139 Pearl NW Street, Grand Rapids City, MI 49503
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$4,000,000
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Home Details for 139 Pearl NW Street
Price
$4,000,000
Type
Commercial/Industrial
Total Bathrooms
16
Year Build
1890
Lot Size
0.1
County
Kent
Tax
$61,608
MLS®️ Listing#
65025033848
On exitrealty.com
132 days
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.
- Utilities
- Electricity Connected
- Natural Gas Connected
- Phone Available
- Heating Information
- Forced Air
- Natural Gas
- Water Features
- Public
Listing Courtesy: MOXIE Real Estate + Development - 616-890-7794
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Market statistics compiled from data from Michigan Regional Information Center.
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EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446