525 W Lafayette Boulevard Detroit MI 48226 MLS #20251054194

525 W Lafayette Boulevard
Detroit, MI, 48226
$699,000
Beds
0 Baths
2,209 SqFt
0.03 Acres
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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.

Property Details

Price:
$699,000
MLS #:
20251054194
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
FORT SHELBY HOTEL CONDO
Neighborhood:
05101detsouthofgrandriver
Listed Date:
Nov 14, 2025
Finished Sq Ft:
2,209
Year Built:
1927
Short Sale05101 – Det South Of Grand River05101detsouthofgrandriverFort Shelby Hotel CondoDetroit

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Schools

School District:
Detroit

Interior

Exterior

Construction Materials
Brick, Stone

Financial

Net Operating Income
$33,600
Taxes
$2,179

Map

Community

Market Summary

Current real estate data for Commercial in Detroit as of Dec 01, 2025
502
Commercial Listed
265
Avg DOM
167
Avg $ / SqFt
$621,745
Avg List Price

Property Summary

    Located in the FORT SHELBY HOTEL CONDO subdivision, 525 W Lafayette Boulevard Detroit MI is a Commercial for sale in Detroit, MI, 48226. It is listed for $699,000 To schedule a showing of MLS#20251054194 at 525 W Lafayette Boulevard in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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