$690,000

525 W Lafayette Boulevard, Detroit, MI 48226

  • 3 baths |
  • 2,209 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1927
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $312/sqft
  • Property List Date Icon Listed 3 months 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
Data Last Updated:
May 21, 2026 at 5:43PM
Listing Office:
Berkshire Hathaway HomeServices The Loft Warehouse : 3136586400
Listing Agent:
Jerome Huez : 3136586400
MLS ID:
20261009241
  • A/C: Central airHeat pump
  • Heating: Heat pump
  • Style: High rise
  • Pool: None
  • General: BrickStoneOneSlab
  • Road/Access: Paved
  • Originating MLS: Realcomp II Ltd
  • School District: Detroit
  • 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;W04I000118S045
  • Water: Public
  • Sewer: Public sewer
  • Source: Realcomp II Ltd

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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