503 LAKEWOOD ST, Detroit, MI 48215

Detroit
Local realty services provided by:ERA Prime Real Estate Group
503 LAKEWOOD ST,Detroit, MI 48215
$10,000
  • 0.12 Acres
  • Lots / Land
  • Pending
Listed by: leonard a pickett iii, clarence r wilson
Office: rch brokerage legacy inc
MLS#:20240043034
Source:MI_REALCOMP

Price summary

  • Price:$10,000

About this home

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

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Home facts

  • Listing ID #:20240043034
  • Added:754 day(s) ago
  • Updated:July 14, 2026 at 09:37 AM

Structure and exterior

  • Lot area:0.12 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer, Sewer at Street

Finances and disclosures

  • Price:$10,000
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