5131 BANGOR Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48210 1760
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60381655
Style Vacant Land
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 30 x 158
Property Sub-Type Vacant Land
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. 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 Detroit (82001)
Zoning Residential
Building
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash