Historic downtown Rood Building - Boutique Hotel
139 Pearl St NW, Grand Rapids, MI 49503

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
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
Contact Broker
Property Area Insights
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