525 W Lafayette Boulevard Detroit, MI $ 699,000
525 W Lafayette Boulevard
$ 699,000
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525 W Lafayette Boulevard

Detroit, MI, 48226
$ 699,000
Bedrooms-- Baths-- Sq 2,209

Monthly Estimate*

$ 4,361

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Commercial Property for sale in Detroit, MI

for $699,000. This 2,209 square foot building was built on a lot size of 0.03.

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.

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Commercial Active

Price

$ 699,000

Property Type

Commercial

Taxes

$ 2,179

Style

Commercial/Industrial

Lot Size

0.03

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60953434

Features
General
Possession At Close
Water Public Water
Status Active Active
Year Built 19
Subdivision Fort Shelby Hotel Condo MI
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Detroit
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Area Detroit (82001)
Primary City Detroit
Directions COndos are above teh Hilton DoubleTree Hotel
City Detroit
Financial Terms Cash Conventional Exchange/Trade
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;
DOM 26
Postal Code 48226
Price Per Sq Ft Total AG 316.43
Public Remarks Exceptional investment opportunity in the Fort Shelby Residences
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Exterior
Exterior Brick Stone
Frontage 100
Lot Size Area 0.03
Lot Dimensions 100x100
Roads Class A
Waterfront Y/N No
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* Excluded Features
List By
Jerome Huez

Listing Agent

Berkshire Hathaway Homeservices The Loft Warehouse

Broker

jerome@theloftwarehouse.com

Email

Affordability Calculator

$4,542
Per Month
96%
4%
0%
Monthly Principal & Interest
$4,361
Monthly Property Taxes
$182
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/14/2025$699,000 Listed Price

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525 W Lafayette Boulevard, Detroit, MI, 48226 is a Commercial Property for sale at $699,000 with 2,209 sqft and a lot size of 0.03. The property's zip code is 48226 which is in Detroit, MI