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$ 4,000,000
Est. payment | /mo
16,812 SqFt
$ 4,000,000
Est. payment | /mo
16,812 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 16,812 sqft
Price per Sqft $237
Subdivision Mi
MLS Listing ID 70480508
Year Built 1890
Annual Tax Amount $61,608
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 42 x 304.62
Property Sub-Type Business
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 (41032)
Interior
Heating Forced Air
Building
Structure Type Concrete
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by MOXIE Real Estate + Development
"Professional service to our clients & customers is our #1 priority. With offices in Marinette, Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."