Great property for infill building located in the Jefferson Chalmers NEZ site.

Buyer must submit an app to purchase, including const ruction plans or precedent agriculture images of proposed development and financing plan w/ POF OR Pre- App letter on a new construction loan. This property is within walking distance to the Q-Line and Contemporary 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 abatment on the purchase and development financing. Please see attached documents for DLBA requirements and offer submission information. BATVAI

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on 503 Lakewood St
in Detroit, MI
Presented by LEONARD PICKETT at
Rch Brokerage Legacy Inc.


Property MLS #20240043034 from Realcomp

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+ Exterior and Lot Features

Frontage Length: 40
Road Frontage Type: Paved

+ Land Info

Lot Size Acres: 0.12
Lot Size Dimensions: 40 x 130
Lot Size Square Feet: 5227

+ School Information

School District: Detroit
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Carstens Elementary-Middle School is a public elementary and middle school located approximately 0.3 miles away.
Map directions

East English Village Preparatory Academy is a public high school located approximately 2.9 miles away.
Map directions

Iskcon School is a private elementary and middle school located approximately 0.4 miles away.
Map directions

+ Other Property Info

ActivationDate : 2024-06-24
Source Listing Status: Active
County: Wayne
Directions: TAKE JEFFERSON HEADED EAST PASS CONNER. MAKE RIGHT ONTO LAKEWOOD ON CORNER OF ESSEX
Source Property Type: Vacant Land
Area: Det: Mcclellan East/Mack To Shor
Source Neighborhood: LAKEWOOD BLVD ADDITION (PLATS)
Ownership Type: Government Owned, Short Sale - No
Parcel Number: 21055010.
Postal Code Plus 4: 3234
Subdivision: LAKEWOOD BLVD ADDITION (PLATS)
Zoning: Residential
Source System Name: C2C
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Listed 2024-06-24
$10,000
Realcomp

+ Utilities

Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
Water Source: Public (Municipal)