525 W Lafayette Boulevard Detroit MI 48226 MLS #20251054194

There are multiple listings for this address:
525 W Lafayette Boulevard
Detroit, MI, 48226
$690,000
Beds
0 Baths
2,209 SqFt
0.03 Acres
Add
MLS #20251054194 image #0
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:
$690,000
MLS #:
20251054194
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
MultiFamily
Subdivision:
FORT SHELBY HOTEL CONDO
Neighborhood:
area05101detsouthofgrandriver
Listed Date:
Nov 14, 2025
Finished Sq Ft:
2,209
Year Built:
1927
Short SaleHighriseArea05101detsouthofgrandriverArea05101detsouthofgrandriverFort Shelby Hotel CondoDetroitCatsok, Dogsok, Numberlimit

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Schools

School District:
Detroit

Interior

Above Grade Finished Area
2209
Bathrooms
3 Full Bathrooms
Cooling
Central Air, Heat Pump
Heating
Heat Pump
Levels
One

Exterior

Architectural Style
HighRise
Construction Materials
Brick, Stone

Financial

Net Operating Income
$36,148
Taxes
$2,179

Map

Community

Subdivisions in Detroit

Market Summary

Current real estate data for Commercial in Detroit as of May 31, 2026
540
Commercial Listed
294
Avg DOM
140
Avg $ / SqFt
$561,154
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 $690,000 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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525 W Lafayette Boulevard
Detroit, MI
525 W Lafayette Boulevard
Detroit, MI, 48226
$690,000
Beds
3 Baths
2,209 SqFt
0 Acres
Add
MLS #20261009241 image #0
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:
$690,000
MLS #:
20261009241
Status:
Active
Beds:
0
Baths:
3
Type:
Single Family
Subtype:
MultiFamily
Subdivision:
FORT SHELBY HOTEL CONDO
Neighborhood:
area05101detsouthofgrandriver
Listed Date:
Feb 11, 2026
Finished Sq Ft:
2,209
Year Built:
1927
Short SaleHighriseArea05101detsouthofgrandriverArea05101detsouthofgrandriverFort Shelby Hotel CondoDetroitCatsok, Dogsok, Numberlimit

Ask a Question

See this Listing

Send
  

Schools

School District:
Detroit

Interior

Above Grade Finished Area
2209
Bathrooms
3 Full Bathrooms
Cooling
Central Air, Heat Pump
Heating
Heat Pump
Levels
One

Exterior

Architectural Style
HighRise
Construction Materials
Brick, Stone

Financial

Net Operating Income
$36,148
Taxes
$2,179

Map

Community

Subdivisions in Detroit

Market Summary

Current real estate data for Single Family in Detroit as of May 31, 2026
540
Single Family Listed
294
Avg DOM
140
Avg $ / SqFt
$561,154
Avg List Price

Property Summary

    Located in the FORT SHELBY HOTEL CONDO subdivision, 525 W Lafayette Boulevard Detroit MI is a Single Family for sale in Detroit, MI, 48226. It is listed for $690,000 and features 0 beds, 3 baths, and has approximately 2,209 square feet of living space, and was originally constructed in 1927. The current price per square foot is $312. The average price per square foot for Single Family listings in Detroit is $140. The average listing price for Single Family in Detroit is $561,154. To schedule a showing of MLS#20261009241 at 525 W Lafayette Boulevard in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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