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$88,000
Est. payment /mo
10,454 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250023936
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 24 x 428
Source Realcomp
Property Description
New Development Opportunity close to Corktown, transportation, freeways and future major developing areas. 4 lots are included in the sale, 5131, 5125, 5137, 5143 Bangor, totaling 24,485 square feet. The total price for all lots are $88,000.Sale contingent on buyer/seller executed development agreement. 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 abatements and lot combinations 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 abatements on the purchase and development financing.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction S. of Warren, W. of W. Grand Blvd.
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 14010523.
Acceptable Financing Cash
Listing Terms Cash
Read Less Info
Listed by Bellabay Realty Tri Counties