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Street View
$680,000
Monthly Est:$3,385
3 Beds
3 Baths3 full baths
2,209sqft
525 W Lafayette Blvd #18E AND 19C, Detroit, MI 48226
$680,000
$3,385/moEst:
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Condominium
Built in 1927
$1,416/mo HOA
-- sqft lot
$308/sq.ft
Description
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.
- Houzeo last checked: 3 hours ago
- Listing updated: July 13, 2026 at 9:33 pm
- Listing Provided by: Jerome Huez (313) 658-6400 , Alexander Zachary | Berkshire Hathaway HomeServices The Loft Warehouse (313) 658-6400
- Source: Realcomp MLS-MI | MLS#: 20261002827
- Originating MLS: Realcomp II Ltd
This condo is in:
Property Details
Status
Active
Type
Condominium
No. of Stories
-
County
City
Neighborhood
Year Built
1927
HOA Fees
$1416/mo
Finished Area
2,209 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
20261002827
MLS Status
Active
Days on Market
292
Cumulative Days on Market
181
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Location
HOA Management
N/A
HOA Fees
$1,416/ Monthly
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Interior
Sewer
Public Sewer
Cooling
Central Air, Heat Pump
Heating
Heat Pump
Construction
Year Built
Year Built: 1927
Home type
Condominium
Construction Materials
Brick, Stone
Architectural Style
High Rise
Foundation Details
Slab
Utilities & Energy
Parking Features
Assigned2spaces, Driveway, Parking Lot, No Garage
Water Source
Public
Other Features
Disclosures
Exclusions Do Not Exist, No Restrictions, Taxes Not Homestead Exempt
Subdivision Name
Fort Shelby Hotel Condo
Price History
| Date | Event | Price |
|---|---|---|
07/13/2026 Source: | Price Decreased | $680,000 -1.45% $308/sqft |
03/16/2026 Source: | Price Decreased | $690,000 -1.29% $312/sqft |
01/14/2026 Source: | Price Increased | $699,000 +1.30% $316/sqft |
01/14/2026 Source: | Listed for Sale | $690,000 $312/sqft |
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Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Nov 02, 2026, 02:15PM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. © 2024 Realcomp II Ltd. MLS. All Rights Reserved.
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