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 in 1927 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

RealEstateOnly

Lot Size

0.03

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251054194

Features
General
Sewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick Stone
Year Built 1927
Property Subtype RealEstateOnly
Current Use MultiFamily
Business Type Apartments
County Wayne
Net Operating Income 33600.0
Operating Expense 21000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name FORT SHELBY HOTEL CONDO
Garage Y/N N
Status Active
Directions COndos are above teh Hilton DoubleTree Hotel
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 2179.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 22500
Expected Active Date 2025-11-14
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;
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 100x100
Lot Size Acres 0.03
Waterfront Y/N N
Road Frontage Type ClassA
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 2209.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 525
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* Excluded Features
List By
Jerome Huez

Listing Agent

Berkshire Hathaway Homeservices The Loft Warehouse

Broker

(313) 658-6400

Phone

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
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/15/2025$699,000 Listed Price

Map


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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. 525 W Lafayette Boulevard was built in 1927. The property's zip code is 48226 which is in Detroit, MI