525 W Lafayette Boulevard, Detroit MI 48226 (Off Market)

For Sale, USD 699,000


525 W Lafayette Boulevard, Detroit MI 48226,

Property Type : Commercial

Property Style : N/A

Build Size : 2,209 ft² / 205 m²

Land Size : N/A

Bedroom : 3

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property 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.
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525 W Lafayette Boulevard, Detroit MI 48226, United States,Michigan,Detroit is a 2,209ft² Detroit luxury Commercial listed for sale USD 699,000. This high end Detroit Commercial is comprised of 3 bedrooms and 0 baths. Find more luxury properties in Detroit or search for luxury properties for sale in Detroit.