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.
For sale
$690,000
525 W Lafayette Blvd, Detroit, MI 48226
3beds
2,209sqft
Multi Family
Built in 1927
-- sqft lot
$668,500 Zestimate®
$312/sqft
$-- HOA
What's special
- 209 days
- 352
- 11
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#: 20261009241
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: 209 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Warranty Deed
- Exclusions: Exclusion(s) Do Not Exist
Estimated market value
$668,500
$635,000 - $702,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Price change | $690,000-1.3%$312/sqft |
Source: | ||
| 2/13/2026 | Listed for sale | $699,000$316/sqft |
Source: | ||
| 4/18/2025 | Listing removed | $3,195$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/14/2025 | Price change | $3,195-6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/23/2025 | Listed for rent | $3,400$2/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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







