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$690,000 for Sale

525 w lafayette, detroit, MI 48226

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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.
General Information
Sale Price: $690,000
Price/SqFt: $312
Status: Active
MLS#: 617
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: fort shelby hotel condo
Lot Dim: 100x100
Bedrooms:0
Bathrooms:3   (3 full, 0 half)
Size: 2,209 sq.ft.
Year Built: 1927
Style: 1 Story
Features & Room Sizes
Basement:  No
Cooling:  Central A/C,Heat Pump(s)
Heating:  Heat Pump(s)
Tax, Fees & Legal
Est. Summer Taxes:  $1,679
Est. Winter Taxes:  $500


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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Jerome Huez of Berkshire Hathaway HomeServices The Loft Warehouse

This listing last updated: Thu, March 26, 2026 at 4:03:13 PM EDT

MIRealSource Listing Data Last Updated On Thursday, April 2 2026 at 1:09am
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Listings presented by:
Jerome Huez
Berkshire Hathaway HomeServices The Loft Warehouse

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