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Listed price in listed location currency (USD).
$699,000

030

MLS® 20261009241

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2209 sqft
Garage No
Taxes $2,179
Days Active 0
Lot Size 
Approx. Age 1927
Avg. Price Per Sqft $316
MLS® Number 20261009241

Property Address: 525 W Lafayette Blvd, Detroit, MI, 48226-3122

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20261009241
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1927
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 13, 2026List Date
$699,000List Price
  • Commute

Commute

Starting Address
Destination Address
525 W Lafayette Blvd, Detroit, MI

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