Residential Land for Sale in Detroit, Michigan
5173 Wabash St Detroit, MI 48208
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Vacant Land located in the Woodbridge neighborhood. Addresses included in subject listing are: 5173 Wabash, 5167 Wabash, 5159 Wabash. Lots are each approximately .14 acres each. Total purchase price is $39,900. 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 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.
Directions
S of 94, E of W Grand River
Property details
- County
- Wayne County
- Community
- Plat of Godfroy Farm (Plats)
- Zoning
- Residential
- Elevation
- 620 feet
- MLS Number
- REALCOMP 20240007648
- Date Posted
Legal description
W WABASH 523 PLAT OF GODFROY FARM L7 P55 PLATS, W C R 10/50 40 X 152.59A
Parcels
- W10I004652S
Detailed attributes
Listing
- Type
- Lots And Land
- Franchise
- Keller Williams Realty
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
June 17, 2024 | New listing | $39,900 | — | REALCOMP |