525 West Lafayette, Detroit, MI 48226

Downtown Detroit, Downtown Detroit, Detroit
Building in Downtown Detroit
Built in 1918
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Welcome to 525 West Lafayette, a building located in Downtown Detroit, Downtown Detroit, Detroit in Detroit, MI. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1918. In total, the total market value of the property as a whole is $45,000. According to local assessors, the total value of the building is currently valued at $22,500. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Amenities
Fitness Center
Policies
Cats Allowed
Dogs Allowed
Facts
General
Year Built
1918
Effective Year Built
1918
Building Count
1
Bedroom Count
2
Bathroom Count
2
Full Bathrooms
2
Partial Bathrooms
2
Building Condition
unknown
Building Quality
unknown
Construction Type
unknown
Building Style
Condo
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
WAYNE COUNTY CONDO PLAN
Standard Land Use Code
Condominium unit (residential)
County Land Use Code
unknown
Legal Description 1
S LAFAYETTE W UNIT 3; WAYNE COUNTY CONDO PLAN NO. 945 FORT SHELBY HOTEL CONDOMINIUM RECORDED IN L46262 P1428-1542 DEEDS,
Ownership
Current Owner's Name
FORT SHELBY RESIDENTIAL LLC
Owner Address - City
DETROIT
Owner Address - State
MI
Owner Address - ZIP Code
48226
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Detroit City School District
School Tax School District
DETROIT
Census Tract
520800
Census Block Code
1025
Census Group
1
Census Year
2019
Census - Combined Statistical Area - Area Code
220
Census - Combined Statistical Area - Area Name
Detroit-Warren-Ann Arbor, MI
Census - County FIPS
26163
Census - Full FIPS
261635208001025
Census - Metropolitan Division - Area Code
19804
Census - Metropolitan Division - Area Name
Detroit-Dearborn-Livonia, MI
Census - Metro Micro Statistical Area - Area Code
19820
Census - Metro Micro Statistical Area - Area Name
Detroit-Warren-Dearborn, MI
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
2622000
Census Source
US Census Bureau
Census State FIPS
26
Census Tract Code
520800
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
2612000
School District - Unified - Name
Detroit City School District
Zoning
Zoning
B5
Geography
District
01
Parcel
04000118.006
Lot Code
unknown
Municipality
DETROIT CITY
Latitude
42.3292
Longitude
-83.0528
FIPS
26163
Mailing Carrier Code
C019
Mailing Street Direction
W
Mailing Full Street Address
525 W LAFAYETTE BLVD
Mailing House Number
525
Mailing Street Mode
BLVD
Mailing Street
LAFAYETTE
Mailing 4-Digit Zip Code
3122
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2024-03-06 20:45:18
UCID Flag
C
More About The Building
In total, the building area is listed as 1,408 square feet. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 525 West Lafayette is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Downtown Detroit area have a median price of $2,200. Those in the 25th percentile, have a price around $1,718. While those in the 75th percentile, have a price around $2,500. Typically, the buildings in this area have a median sqft of 1,300. That means that the median price per sqft is around $2. In other words, the price per sqft for buildings in the 25th percentile is $2. While the price per sqft for buildings in the 75th percentile is $2. As a breakdown, we've included the following stats:

  • There is currently one advertised studio listing.
  • There are currently a total of 7 one bedroom listings. The median price for these types of listings is $1,650. That's $1.96 price per sqft.

  • There are currently a total of 12 two bedroom listings. The median price for these types of listings is $2,175. That's $1.72 price per sqft.

  • There are currently a total of 2 three bedroom listings. The median price for these types of listings is $2,900. That's $1.35 price per sqft.

  • There is currently a single advertised four bedroom listing.
About The Area
525 West Lafayette is located in Wayne County, Michigan. There are 1,767,593 people living here. There are 669,412 households. Most of these households have an average family size of 3.37 people. According to the census, 38% are currently renting while 62% own their homes. The median age of this population is around 37.8 years old. On average, most folks in the county are unmarried. About 14% of folks speak a language other than English in this area. The area's employment rate is currently around 51.1%. Speaking of employment, the median income is $42,043. Most folks will commute by car for around 25.2 minutes. Finally, we know that 30% of residents in the area have graduated with their high school degree. Additionally, 14% and 9% have their Bachelor's and Master's degree, respectfully.

Moving on to the urban area level. Detroit, MI Urban Area has a population of 3,726,964 people. Based on census records, there are 1,455,538 registered households. Families in this area are on average made up of 3.22 people per household. Most folks are unmarried. They are also typically around 39.4 years old. Does diversity matter to you? Right now, 14% of folks speak a language other than English here. About 33% rent while 67% purchased their homes. Right now, the community is made up of 27% of residents who have graduated with at least a high school degree. On top of that, 18% have a Bachelor's degree and 12% have a Master's degree. The employment rate is currently around 56.2%. Those employed, have a median income of $52,546. If you move here, you can expect to commute mostly by car for around 26.0 minutes.

-
Studio Median Rent
$1,650
1BR Median Rent
$2,175
2BR Median Rent
$2,900
3BR Median Rent
PUBLIC TRANSIT
29
19
Fort & First (Under 500 ft - 3 min walk)
Detroit Department of Transportation
29
19
Fort & Second (Under 500 ft - 3 min walk)
Detroit Department of Transportation
29
19
Fort & Second (Under 500 ft - 3 min walk)
Detroit Department of Transportation
1
27
Lafayette & Third (Under 500 ft - 3 min walk)
Detroit Department of Transportation
29
19
Fort & Third (Under 500 ft - 3 min walk)
Detroit Department of Transportation
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