5061 Lakewood Detroit, MI ^$ 600,000

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******

Commercial Active

Price

^$ 600,000

Property Type

Commercial

Taxes

^$ 19,876

Style

Commercial/Industrial

Lot Size

0.42

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60937422

Features

General

Possession At Close

Water Public Water

Status Active Accepting Backup Offers

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Commercial

Subdivision MI

Sale/Rent For Sale

Status Detail 3

Area Detroit (82001)

Primary City Detroit

Directions Chalmers to Warren to Lakewood

City Detroit

Financial Terms Cash Conventional

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

DOM 77

Postal Code 48213

Price Per Sq Ft Total AG 24

Public Remarks 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

Exterior

Exterior Brick

Frontage 140

Lot Size Area 0.42

Lot Dimensions 140.00 x 130.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Kenneth Evans

Listing Agent

Reach Realty Group

Broker

ken@reachrealtygroup.com

Affordability Calculator

$5,400

Per Month

Monthly Principal & Interest: $3,743
Monthly Property Taxes: $1,656
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$496,505

Percent of Sale Price 17%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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5061 Lakewood

Commercial Property for sale in Detroit, MI

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