#25017431, Jodi L Smith, Ryan Ogle, Listing office: EXP Realty (Grand Rapids)
Property details
About 139 Pearl St NW
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.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.1 Acres
Year built1890
MLS #65025034224
Summary
- Basement: Yes
- Heating: Forced Air, Natural Gas
- List Price: $4,000,000
- Annual Tax Amount: $45,607
- Tax Year: 2024
- Year Built: 1890
- Lot Size: 0.1 Acres
- MLS Number: 65025034224
- MLS Name: Greater Regional Alliance of REALTORS
- Office Name: MOXIE Real Estate + Development
- Office Phone: (616) 890-7794
- Listing Agent: Daniel Kolp, Shawn Jacobs
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/12/2025, 9:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 28, 2022 | Home Sold | $2,800,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,340,100 | $45,607 |
| 2023 | $1,201,500 | $45,607 |
| 2022 | $1,029,600 | $45,607 |
| 2021 | $983,800 | $44,296 |
| 2020 | $983,800 | $44,296 |
| 2019 | $939,200 | $38,474 |
| 2018 | $810,600 | $38,662 |
| 2017 | $775,900 | $36,837 |
History based on county public records data.
Nearby schools
3
Coit Creative Arts Academy
Public District PK-5
0.6 mi
•617 Coit Ave NE
8
Grand Rapids Child Discovery Center
Public Charter KG-5
0.9 mi
•409 Lafayette Ave SE
4
Sibley School
Public District PK-5
1.0 mi
•943 Sibley St NW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,316. Residents of Grand Rapids, MI typically earn less than $<35k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
46%
<35k
28%
35k-100k
13%
100k-200k
13%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
83%
Single, No Kids
3%
Single, with Kids
13%
Married, No Kids
1%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
46%
18-34 yrs old
40%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Art Museums
Live Theatre
Where do the neighbors shop?
H&M
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Boston Market
What do the neighbors drive?
Volkswagen
Audi
Mercedes
What do the neighbors listen to?
Rhythmic Contemporary Hits
News- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 139 Pearl St NW
The listing price of 139 Pearl St NW property is $4,000,000.
The property 139 Pearl St NW is a multi located in Grand Rapids, Michigan, 49503.
Active Listing: 139 Pearl St NW is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 139 Pearl St NW are: Coit Creative Arts Academy (GreatSchools Rating 3/10), Grand Rapids Child Discovery Center (GreatSchools Rating 8/10), Sibley School (GreatSchools Rating 4/10), Grand Rapids Public Museum Middle School (GreatSchools Rating 3/10), Martin Luther King Leadership Academy (GreatSchools Rating 3/10), Gerald R Ford Academic Center (GreatSchools Rating 5/10), Grand Rapids Public Museum High School (GreatSchools Rating 6/10), Grand Rapids Montessori Middlehigh (GreatSchools Rating 7/10), Innovation Central High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $45,607 (source: MLS/based on county public records data).
The last sale was on November 28, 2022 for $2,800,000 (source: MLS/tax record).
The year of construction for 139 Pearl St NW is 1890.
This home is located at 139 Pearl St NW in Grand Rapids, MI and zip code 49503 in the Heartside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 11, 2025 and is currently priced at $4,000,000.
In June 2025, from all listings sold in Grand Rapids, MI there were more than 144 sold above asking price, over 68 sold below and more than 48 were sold right at the asked price. In June 2025 in Grand Rapids, MI there were 10.6% more homes for sale than in May. In June 2025, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $310,836.
From Rocket Homes Real Estate and based on county public records data.