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5287 STANTON ST Detroitcity_wayne, MI 48208
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type ImprovedLand
Listing Status Active
Purchase Type For Sale
Subdivision More Than One Subdivision Involved
MLS Listing ID 20240024628
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type ImprovedLand
Property Description
Great development opportunity in the New Center Area. 3 lots to be sold together, 5287 Stanton, 2525 Edsel Ford, 5278 Stanton. Lots cannot be separated. 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 abatements that are otherwise available to the selected purchaser. 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 Area05043Detlivernoisi756Gdriver
Interior
Fireplace No
Exterior
View Y/N No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Natasha C Richards of Bellabay Realty Tri Counties
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