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    139 Pearl St NW Grand Rapids, MI 49503

    For Sale
    $4,000,000

    COMMERCIAL - Grand Rapids, MI

    Property size:
    16,812 SF
    Lot size:
    0.10 Acres
    Days on Market:
    145
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 139 Pearl St NW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 6, Bathroom 13, Bathroom 10, Bathroom 15, Bathroom 7, Bathroom 1, Bathroom 4, Bathroom 14, Bathroom 16, Bathroom 8, Bathroom 5, Bathroom 11, Bathroom 9, Bathroom 12, Bathroom 2
    Bathrooms
    16
    APN
    41-13-25-277-030
    Interior features
    Broadband
    Size
    16,812 SF
    Lot size
    0.10 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1890
    Floors in Building
    4
    Number of units
    16

    MOXIE Real Estate + Development (616) 890-7794

    Listing agent Daniel Kolp (616) 550-2684

    Listing date Jul 14, 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

    Located in the core downtown business district of Grand Rapids, also known as the Hotel District, this licensed boutique hotel at 139 Pearl Street NW offers a strategic investment opportunity. The property, originally consisting of 14 long-term apartments and 2 commercial spaces totaling 16 units, has been transformed into a mixed-use building approved for short-term transient stays. The 16,812 square foot building is situated on a 0.1-acre lot. The units feature high-quality finishes, tall ceilings, granite surfaces, and in-unit washer and dryers. The fully furnished units are designed to capitalize on a stabilized, high-performing boutique hotel in a rapidly growing market. The property is well-positioned for long-term appreciation and increased cash flow due to Grand Rapids' continued expansion.
    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

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    FAQs

    What type of property is this?
    Hotel - Licensed boutique hotel in the heart of Grand Rapids' Hotel District.
    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: - Licensed boutique hotel in the heart of Grand Rapids' downtown Hotel District.; - Approved for short-term transient stays, offering immediate income potential.; - **High-quality finishes including tall ceilings and granite surfaces.**
    (616) 550-2684
    Request Owner's contact information
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    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
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