$699,000 for Sale
525 w lafayette boulevard, detroit, MI 48226
| Beds 3 | Baths 3 | 2,209 Sqft |
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1 of 22 |
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.
General Information
Sale Price: $699,000
Price/SqFt: $316
Status: Active
MLS#: 20261002827
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: fort shelby hotel condo
Bedrooms:3
Bathrooms:3 (3 full, 0 half)
House Size: 2,209 sq.ft.
Acreage:
Year Built: 1927
Property Type: Condo
Style: High Rise
Features & Room Sizes
Bedroom: 13.00 x 10.00
Bedroom - Primary: 11.00 x 15.00
Bedroom - Primary: 15.00 x 12.00
Bath - Full: x
Bath - Primary: x
Bath - Primary: x
Paved Road: Paved
Garage: No Garage
Garage Description: 2+ Assigned Spaces,Driveway,Parking Lot
Construction: Brick,Stone
Exterior: Brick,Stone
Basement: No
Foundation : Slab
Cooling: Central Air,Heat Pump
Heating: Heat Pump
Fuel: Heat Pump
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $1,679
Est. Winter Taxes: $500
HOA fees: 1
HOA fees Period: Monthly
Legal Description: S LAFAYETTE W UNIT 42; WAYNE COUNTY CONDO PLAN NO. 945 "FORT SHELBY HOTEL CONDOMINIUM" RECORDED IN L46262 P1428-1542 DEEDS, WCR 4/132 0.461% SPLIT/COMBINED ON 07/23/2018 FROM 04000118.005;
IDX provided courtesy of Realcomp II Ltd. via Tremaine Real Estate and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders
Listing By: Jerome Huez of Berkshire Hathaway HomeServices The Loft Warehouse, Phone: (313) 658-6400
