About 503 Lakewood St
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
Features of 503 Lakewood St
| MLS® # | 20240043034 |
|---|---|
| Price | $10,000 |
| Bathrooms | 0.00 |
| Acres | 0.12 |
| Type | Vacant Land |
| Status | Pending |
Community Information
| Address | 503 Lakewood St |
|---|---|
| Area | 05066 - Det: Mcclellan East/Mack To Shore |
| Subdivision | LAKEWOOD BLVD ADDITION (PLATS) |
| City | Detroit city |
| County | Wayne |
| State | Michigan |
| Zip Code | 48215 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
School Information
| District | Detroit |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RCH Brokerage Legacy Inc |
|---|---|
| Contact Info | lpickettiii@rchlegacy.com |