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Active
5122 WABASH Street Detroit, MI 48208
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20230019781
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 49 x 128
Source Realcomp
Property Description
This vacant lot is bundled with 5108, 5118,5130, 5142 Wabash, and 2040, 2038 Putnam. A total of 7 lots. Not sold separately. Totaling= 20,984 sqft. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. 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. BATVAI
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction TAKE WARREN HEADED EAST PASS GRAND RIVER MAKE LEFT ONTO WABASH, PROPERTY ON RIGHT SIDE
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 08008887.
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc