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Pending
503 LAKEWOOD Street Detroit, MI 48215
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 20240043034
Originating Board Realcomp
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 Wayne County - 100
Zoning Residential
Direction TAKE JEFFERSON HEADED EAST PASS CONNER. MAKE RIGHT ONTO LAKEWOOD ON CORNER OF ESSEX
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 21055010.
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc