503 LAKEWOOD Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48215
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Lakewood Blvd Addition (Plats)
MLS Listing ID 20240043034
Lot Size 5,227 Sqft
Property Description
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
State MI
County Wayne
Area Det: Mcclellan East/Mack To Shor
Zoning Residential
Exterior
Pool No
Waterfront no
Building
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal)
Schools
School District Detroit
Others
Acceptable Financing Cash
Listing Terms Cash