$690,000

525 w lafayette boulevard, detroit, MI 48226

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
Price: $690,000
Price/SqFt: $312
Status: Active
MLS#: 20261009241
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: fort shelby hotel condo
Lot Dimensions: 100x100
Bedrooms:0
Bathrooms:3   (3 full, 0 half)
Size: 2,209 sq.ft.
Acreage:
Year Built: 1927
Property Type: Multifamily
Style: 1 Story
Features & Room Sizes
Exterior:  Brick, Stone
Basement:  0
Cooling:  Central Air,Heat Pump
Heating:  Heat Pump
Tax, Fees & Legal
Est. Summer Taxes:  $1,679
Est. Winter Taxes:  $500
Map


IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2026 Realcomp II Ltd. Shareholders Listing By: Jerome Huez of Berkshire Hathaway HomeServices The Loft Warehouse, Phone: (313) 658-6400
(810) 845-0423 Call Sandy Worthing for more information about this property.

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Sandy Worthing
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