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5061 Lakewood Detroit, MI $ 600,000
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$ 600,000 Get more info
5061 Lakewood
$ 600,000
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5061 Lakewood

Detroit, MI, 48213
$ 600,000
Bedrooms-- Baths-- Sq 25,000

Monthly Estimate*

$ 3,743

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Commercial Property for sale in Detroit, MI

for $600,000. This 25,000 square foot building was built on a lot size of 0.42.

This building is prime for a new owner. The units have been refreshed and are just in need of finishing touches. The area is central to a few schools and grocers in the area. Purchaser to pay listing broker a $495 transaction fee at closing. BATVAI. NO WHOLESALERS!!! ******LAND CONTRACT/SELLER FINANCING AVAILABLE WITH $350K DOWN******

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Commercial Contingent

Price

$ 600,000

Property Type

Commercial

Taxes

$ 19,876

Style

RealEstateOnly

Lot Size

0.42

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251037425
Features
General
Sewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick
Property Subtype RealEstateOnly
Current Use MultiFamily
Business Type Apartments
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Contingency AcceptingBackupOffers
Garage Y/N N
Status Accepting Backup Offers
Directions Chalmers to Warren to Lakewood
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
Number Of Units Total 20
MLS Area Area05052Det6MackI75Conner
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 19876.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status ActiveUnderContract
Occupancy Type Vacant
Tax Assessed Value 228874
Expected Active Date 2025-09-17
Legal Description W LAKEWOOD 890 THRU 892 N 20 FT 893 JEFFERSON PARK LAND CO LTD SUB NO 1 L50 P78 PLATS W C R 21/755 140 X 130
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Exterior
Water Source Public
Foundation Details Basement Poured
Spa N
Lot Dimensions 140.00 x 130.00
Lot Size Acres 0.42
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 25000.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 5061
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* Excluded Features
List By
Kenneth F Evans

Listing Agent

Reach Realty Group

Broker

(313) 704-2892

Phone

Affordability Calculator

$5,400
Per Month
69%
31%
0%
Monthly Principal & Interest
$3,743
Monthly Property Taxes
$1,656
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/21/2025$600,000 -7.69% Price Down
10/7/2025$650,000 -7.14% Price Down
9/25/2025$700,000 -6.67% Price Down
9/17/2025$750,000 Listed Price

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5061 Lakewood, Detroit, MI, 48213 is a Commercial Property for sale at $600,000 with 25,000 sqft and a lot size of 0.42. The property's zip code is 48213 which is in Detroit, MI

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