$699,000

525 W Lafayette Boulevard, Detroit, MI 48226

  • 3 baths |
  • 2,209 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1927
  • Property Lot Size Icon10,001sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $316/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

Exceptional investment opportunity in the Fort Shelby Residences, located in the heart of Detroit's Central Business District. This offering includes two high-floor condos situated just below the penthouse level. Both units are fully leased through July 2026, providing immediate and reliable cash flow. Residents benefit from the amenities of the Hilton DoubleTree Hotel located below the residences, including lobby reception, coffee shop, restaurant and bar, business and reception center, and fitness room. The residential floors sit above the hotel in the historic Albert Kahn tower, offering additional privacy. These units enjoy extremely low property taxes - less than $3,000 per unit per year - thanks to the NEZ-Rehab tax abatement in place through 2032. The HOA does not restrict long-term leasing; short-term rentals are not permitted. With continued development throughout West Downtown, including the Cambria Hotel, Water Square Apartments at the former Joe Louis site, and the Ralph C. Wilson Jr. Centennial Park, these condos are well-positioned for appreciation. As individual condominium units, they may also be sold separately in the future to maximize resale value.

Listing Status:
Active
Date Added:
February 13, 2026
Data Last Updated:
February 15, 2026 at 7:45AM
Listing Office:
Berkshire Hathaway HomeServices The Loft Warehouse : 313-658-6400
Listing Agent:
Jerome Huez :
MLS ID:
60969617
  • A/C: Central AirHeat Pump
  • Heating: Heat Pump
  • General: BrickStoneOneSlab
  • Road/Access: Paved
  • Originating MLS: MiRealSource
  • School District: Detroit City School District
  • County: Wayne
  • Zoning: S LAFAYETTE W UNIT 42; WAYNE COUNTY CONDO PLAN NO. 945 "FORT SHELBY HOTEL CONDOMINIUM" RECORDED IN L46262 P1428-1542 DEEDSWCR 4/132 0.461% SPLIT/COMBINED ON 07/23/2018 FROM 04000118.005;
  • Water: Public
  • Source: MiRealSource

This listing courtesy of Jerome Huez , Berkshire Hathaway HomeServices The Loft Warehouse

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Chrysler Elementary School

1445 E Lafayette St, Detroit, MI, 48207

Grades KG-5

1.17 miles away

B

Burton International Academy

2001 Martin Luther King Jr Blvd, Detroit, MI, 48208

Grades KG-8

1.47 miles away

C

Cass Technical High School

2501 2nd Ave, Detroit, MI, 48201

Grades 9-12

0.77 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.