Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    139 Pearl St NW Grand Rapids, MI 49503

    For Sale
    $4,000,000

    MULTI_FAMILY - Grand Rapids, MI

    Lot size:
    0.10 Acres
    Days on Market:
    144
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 139 Pearl St NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2
    Bedrooms
    3
    APN
    41-13-25-277-030
    Basement
    Full
    Lot size
    0.10 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1890
    Number of units
    2
    Building materials
    Stone

    MOXIE Real Estate + Development (616) 890-7794

    Listing agent Daniel Kolp (616) 550-2684

    Listing date Jul 15, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Boutique Hotel in Downtown Grand Rapids

    This licensed boutique hotel is located in the heart of Grand Rapids' downtown business district, also known as the Hotel District. The property, originally comprising 14 long-term apartments and 2 commercial spaces (16 total units), has been transformed into a mixed-use building approved for short-term transient stays. The units feature high-quality finishes, tall ceilings, granite surfaces, and in-unit washer & dryers. The fully furnished units are part of a stabilized, high-performing boutique hotel in a rapidly growing market. The 0.1-acre asset is well-positioned for long-term appreciation and increased cash flow due to Grand Rapids' continued expansion. The property is located at 139 Pearl Street NW, Grand Rapids, MI 49503.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RLH entertainment Irish Pub SILVERBACK SECURITY LLC Security Service The Pearl Lyon Beauty Salon Flanagan's Irish Pub Irish Pub

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.671672
    Latitude
    42.966618

    Nearby Similar for Sale

    • $897,500
      0.36 Acres

      Historic Grand Rapids Multifamily Property

      Spacious, historic multifamily home in Grand Rapids' Heritage Hill district.
      400 Fulton St E, Grand Rapids, MI 49503
      View Details
    • New
      $425,000
      0.14 Acres

      Grand Rapids Two-Unit Property

      Well-maintained two-unit property near Wealthy Street Corridor.
      321 Henry Ave SE, Grand Rapids, MI 49503
      View Details
    • $1,749,900
      0.15 Acres

      Historic Boutique Hotel Opportunity

      Turn-key boutique hotel in downtown Grand Rapids with luxury suites.
      22 Jefferson Ave SE, Grand Rapids, MI 49503
      View Details
    • $799,999
      0.17 Acres

      Mixed-Use Block in Grand Rapids

      Seven buildings with apartments, commercial units, and a single-family home.
      1200-1210 White St NW, Grand Rapids, MI 49504
      View Details
    • New
      $549,900
      Pending

      Grand Rapids Home with Apartment

      Updated home with detached apartment on a large lot.
      950 Covell Ave NW, Grand Rapids, MI 49504
      View Details
    • New
      $930,000
      0.17 Acres

      Renovated Two-Unit Home Near Downtown

      Spectacularly renovated two-unit home near Heritage Hill and downtown.
      643 Madison Ave SE, Grand Rapids, MI 49503
      View Details

    FAQs

    What type of property is this?
    Hotel - Mixed-use building approved for short-term transient stays in growing market.
    Where is this hotel located?
    The property is located at 139 Pearl St NW Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Strategically located in the heart of Grand Rapids' core downtown business district (Hotel District).; - Licensed boutique hotel approved for short-term transient stays.; - High-quality finishes including tall ceilings and granite surfaces.
    (616) 550-2684
    Request Owner's contact information
    139 Pearl St NW Grand Rapids, MI 49503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    139 Pearl St NW
    Grand Rapids, MI 49503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    139 Pearl St NW Grand Rapids, MI 49503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.