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525 W Lafayette, Detroit, MI 48226

Detroit
Local realty services provided by:CENTURY 21 Signature Realty
525 W Lafayette,Detroit, MI 48226
$690,000
  • - Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jerome huez, alexander zachary
Office: berkshire hathaway homeservices the loft warehouse
MLS#:60969617
Source:MI_REALSOURCE

Price summary

  • Price:$690,000

About this home

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...

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Home facts

  • Year built:1927
  • Subdivision & Development:Fort Shelby Hotel Condo
  • Listing ID #:60969617
  • Added:168 day(s) ago
  • Updated:August 01, 2026 at 10:29 AM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3

Heating and cooling

  • Cooling:Central A/C, Heat Pump(s)
  • Heating:Heat Pump(s)

Structure and exterior

  • Year built:1927
  • Construction Materials:Brick, Stone
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$690,000
  • Tax amount:$2,179
MLS LogoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. MI_REALSOURCE Member Broker: Andrew Hauck

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