Residential Land for Sale in Detroit, Michigan
5069 Wabash St Detroit, MI 48208
Great opportunity for infill housing development. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF or Pre-approval letter or a new construction loan. Note that the DLBA 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. See attached documents for DLBA requirements and offer submission
Directions
TAKE WARREN HEADED EAAST PAST GRAND RIVER. MAKE LEFT ONTO WABASH. PROPERTY ON LEFT SIDE AT THE CORNER OF PUTNAM
Location
- Street Address
- 5069 Wabash St
- County
- Wayne County
- Community
- Plat of Godfroy Farm (Plats)
- School District
- Detroit
- Elevation
- 620 feet
Property details
- Zoning
- Residential
- MLS Number
- REALCOMP 20240002508
- Date Posted
Parcels
- 10004659.
Legal description
W WABASH E 90 FT 481 N 10 FT 480 PLAT OF GODFROY FARM L7 P55 PLATS, W C R 10/50 50.60 IRREG
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Jan 23, 2024 | New listing | $20,000 | — | REALCOMP |