5131 Bangor Street
Detroit, MI 48210

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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. 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.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48210
• Subdivision/Neighborhood: Daniel Scottens Sub (Plats)
• School District: Detroit
• Lot Size: 4792 sq ft lot
• Directions: S. of Warren, W. of W. Grand Blvd.
• List Price Acre: 800000
• Lot Size Area: 0.11
• Lot Size Square Feet: 4792
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 14010525.
• Road Frontage: 30
• Tax Legal Description: W BANGOR 133 DANIEL SCOTTENS SUB L9 P24 PLATS, W C R 14/77 30 X 157.63A