Residential Land for Sale in Detroit, Michigan
503 Lakewood St, Detroit, MI 48215
Great property for infill building located in the Jefferson Chalmers NEZ site. Buyer must submit an app to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF OR Pre- App letter on a new construction loan. This property is within walking distance to the Q-Line and New Center Area. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. Please see attached documents for DLBA requirements and offer submission information. BATVAI
Location
- Street address
- 503 Lakewood St
- County
- Wayne County
- Community
- Lakewood BLVD Addition (Plats)
- School district
- Detroit
- Elevation
- 574 feet
Directions
TAKE JEFFERSON HEADED EAST PASS CONNER. MAKE RIGHT ONTO LAKEWOOD ON CORNER OF ESSEX
Property details
- Lot size
- 0.12 acres5,227 sq ft
- Zoning
- Residential
- MLS #
- REALCOMP 20240043034
- Posted
Parcels
- 21055010.
Legal description
W LAKEWOOD 54 LAKEWOOD BLVD ADDITION SUB L30 P6 PLATS, W C R 21/401 40 X 129.63A
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 19, 2024 | Under contract | $10,000 | — | REALCOMP |
| June 25, 2024 | New listing | $10,000 | — | REALCOMP |