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503 Lakewood St Detroit, MI 48215

Sponsored
For Sale
Under Contract
Contact for pricing

Vacant Land - Detroit, MI

Lot size:
0.12 Acres
Days on Market:
214
Last Refresh:
Jan 10 at 1:06 pm

Property Features for 503 Lakewood St

General Information

Property type
Land
Property subtype
Other
Standard status
Active Under Contract
Zoning
Residential
APN
21055010.
Lot size
0.12 Acres

Building Details

Architectural style
Other

RCH Brokerage Legacy, Inc. (248) 440-2268 [email protected]

Listing agent Leonard A Pickett III (248) 440-2268

Listing date Jun 11, 2025

MLS# 20240043034 Listing URL

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Detroit Vacant Land For Sale

This vacant land is located in Detroit, MI, specifically within the Jefferson Chalmers Neighborhood Enterprise Zone (NEZ) site. The property is suitable for infill building. Prospective buyers are required to submit a purchase application that includes construction plans or precedent agriculture images of the proposed development, along with a financing plan that provides proof of funds or a pre-approval letter for a new construction loan. The property is within walking distance of the Q-Line and the New Center Area. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may not be compatible with other tax abatements available to the purchaser. The 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 amount will be determined after reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. The lot size is approximately 0.12 acres and is zoned for residential use.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-82.942351
Latitude
42.3665099

FAQs

What type of property is this?
Land - Vacant land in Detroit's Jefferson Chalmers NEZ site.
Where is this land located?
The property is located at 503 Lakewood St Detroit, MI.
What is the asking price?
The asking price for this property is $10,000.
What are key features of this property?
This property features: - Infill building opportunity in Jefferson Chalmers NEZ site.; - Walking distance to the Q-Line.; - Walking distance to New Center Area.
More about this property
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