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503 Lakewood, Detroit, MI 48215

Detroit
Local realty services provided by:CENTURY 21 Signature Realty
503 Lakewood,Detroit, MI 48215
$10,000
  • 0.12 Acres
  • Lots / Land
  • Pending
Listed by: leonard pickett, clarence wilson
Office: rch brokerage legacy inc
MLS#:60318237
Source:MI_REALSOURCE

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 #:60318237
  • Added:677 day(s) ago
  • Updated:May 02, 2026 at 07:25 AM

Structure and exterior

  • Lot area:0.12 Acres

Utilities

  • Water:Public Water
  • Sewer:Public At Street, Public Sanitary

Finances and disclosures

  • Price:$10,000

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