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.
General Information
Sale Price: $88,000
Price/SqFt:
Status: Active
MLS#: rcomi20250023936
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: daniel scottens sub (plats)
Acres: 0.24
Lot Dimensions: 24 x 428
Size:
Acreage: 0.24 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: W BANGOR 135 DANIEL SCOTTENS SUB L9 P24 PLATS, W C R 14/77 24.41 IRREG
