HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
Additional details
$ 10,000
Est. payment /mo
Pending
503 LAKEWOOD ST Detroit, MI 48215
UPDATED:
Key Details
Property Type Vacant Land
Sub Type UnimprovedLand
Listing Status Pending
Purchase Type For Sale
Subdivision Lakewood Blvd Addition (Plats)
MLS Listing ID 20240043034
Property Sub-Type UnimprovedLand
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 Area05066Detmcclellaneastmacktoshore
Exterior
View Y/N No
Building
Sewer PublicSewer, SewerAtStreet
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
©2025 Realcomp II Ltd. Shareholders
Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc