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… Read More 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 financingA; Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Bellabay Realty Tri Counties.
Listing Snapshot
Days Online
408
Last Updated
Property Type
Vacant Land
Lot Size
0.1 Acres
MLS Number
20240024628
30 Days Snapshot Of 48208
$388k
+37%
(avg) sold price
5
0%
homes sold
115
-26%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Water Features
Public (Municipal)
Lot
Lot size area: 0.10, Lot size dimensions: 41 x 110
Property
Property type: Vacant Land, Residential
Taxes
Tax amount (summer): $0, Tax amount (winter): $0
Sewer
Public Sewer (Sewer-Sanitary)
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