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Historic downtown Rood Building - Boutique Hotel

139 Pearl St NW, Grand Rapids, MI 49503

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Overview

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.

For Sale

Multifamily

Secondary Uses: Mid Rise

Sale Price
$4,000,000
Price Per SF
$237.9/SF
Building Size
16,812 SF
Acres
0.099 ac
Zoning
COMM
Building Class
C
Number of Buildings
1
Floors
4
Construction Type
Framed
Rentable SF
16,000
Submarket
Central Business District
Nearest MSA
Grand Rapids-Kentwood
Property Status
Existing
Ceiling Height
12' - 16'
County
Kent
Created
07/11/2025
Updated
07/11/2025
Listing ID
e798f6d2
Parcel APN
411325277030

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