5287 Stanton Street
Detroit, MI 48208

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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

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48208
• Subdivision/Neighborhood: More Than One Subdivision Involved
• School District: Detroit
• Lot Size: 4356 sq ft lot
• Directions: S. of I-94, E. of Linwood
• List Price Acre: 990000
• Lot Size Area: 0.1
• Lot Size Square Feet: 4356
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 10006914.
• Road Frontage: 41
• Tax Legal Description: W STANTON THAT PT OF PC 473DESC AS FOLS BEG AT INTSEC OF W LINE OF STANTON AVE & S LINE OF KIRBY AVE TH S 22D 01M 17S E 41.27 FT TH S 67D 07M 43S W 110FT TH N 22D 01M 17S W 41.27 FT THN 67D 07M 43S E 110 FT TO POB 10/--- 41.27 X 110