5122 WABASH Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48208
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Candlers Sub Of Blocks 3 Thru 11
MLS Listing ID 20230019781
Originating Board Realcomp II Ltd
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 49 x 128
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 Det: Livernois-I75 6-Gd River
Zoning Residential
Direction TAKE WARREN HEADED EAST PASS GRAND RIVER MAKE LEFT ONTO WABASH, PROPERTY ON RIGHT SIDE
Exterior
Pool No
Waterfront no
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID 08008887.
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash