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For sale
  • $690,000

    525 W Lafayette Blvd, Detroit, MI 48226

    3beds
    2,209sqft
    : 
    $5,937/mo
    Get pre-qualified
    Multi Family
    Built in 1927
    -- sqft lot
    $675,600 Zestimate®
    $312/sqft
    $-- HOA

    What's special

    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.
    162 days
    |
    401
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jerome Huez 313-693-3741,

    Berkshire Hathaway HomeServices The Loft Warehouse 313-658-6400,

    Alexander Zachary 313-658-6400,

    Berkshire Hathaway HomeServices The Loft Warehouse

    Source: Realcomp II,MLS#: 20261009241MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Heat Pump
      Cooling
      • Central Air, Heat Pump
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total interior livable area: 2,209 sqft
      • Finished area above ground: 2,209

      Property

      Features
      • Levels: One
      • Stories: 1
      • Pool features: None
      Lot
      • Size: 10,000 Square Feet
      • Dimensions: 100 x 100
      Details
      • Parcel number: W04I000118S045
      • Zoning description: Residential
      • Special conditions: Short Sale No,Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: High Rise
      • Property subtype: Multi Family
      Materials
      • Brick, Stone
      • Foundation: Slab
      Condition
      • New construction: No
      • Year built: 1927
      • Major remodel year: 2014

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: FORT SHELBY HOTEL CONDO
      Location
      • Region: Detroit

      Financial & listing details

      • Price per square foot: $312/sqft
      • Tax assessed value: $22,500
      • Annual tax amount: $2,179
      • Date on market: 2/13/2026
      • Cumulative days on market: 162 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,Warranty Deed
      • Exclusions: Exclusion(s) Do Not Exist

        Estimated market value

        $675,600

        $642,000 - $709,000

        $1,643/mo

        Price history

        DateEventPrice
        3/16/2026Price change$690,000-1.3%$312/sqft
        Source: Realcomp II #20261009241 Report a problem
        2/13/2026Listed for sale$699,000$316/sqft
        Source: Realcomp II #20261009241 Report a problem
        4/18/2025Listing removed$3,195$1/sqft
        Source: Zillow Rentals Report a problem
        3/14/2025Price change$3,195-6%$1/sqft
        Source: Zillow Rentals Report a problem
        2/23/2025Listed for rent$3,400$2/sqft
        Source: Zillow Rentals Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- --
        2024-- --
        2023-- --
        2022-- --
        2021-- --
        2020-- --
        2019-- --
        2018-- --
        2017-- --
        2016$100 --
        2015$100 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Downtown

        Getting around

        91 / 100
        Walker's Paradise
        85 / 100
        Excellent Transit
        70 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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