Detroit, MI 48215,503 LAKEWOOD Street
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$ 10,000
Est. payment | /mo

5,227 Sqft Lot


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$ 10,000
Est. payment | /mo
Save

5,227 Sqft Lot

Key Details

Property Type Vacant Land

Listing Status Pending

Purchase Type For Sale

Subdivision Lakewood Blvd Addition (Plats)

MLS Listing ID 20240043034

Originating Board Realcomp II Ltd

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 40 x 130

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

Direction TAKE JEFFERSON HEADED EAST PASS CONNER. MAKE RIGHT ONTO LAKEWOOD ON CORNER OF ESSEX

Exterior

Road Frontage Paved

Building

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal)

Schools

School District Detroit

Others

Tax ID 21055010.

Ownership Government Owned,Short Sale - No

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Realcomp MLS
Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc

GET MORE INFORMATION

agent
Michael Williams

Agent | License ID: 6501429456

+1(248) 687-9155 | mike@thelonswayteam.com

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