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$ 99,000
Est. payment /mo
Active
5387 BANGOR Street Detroit, MI 48210
2,178 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240024458
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 31 x 68
Source Realcomp
Property Description
Great opportunity close to thriving Grand Blvd/Midtown development. offering 9 lots. Addresses include 5387, 5381, 5373, 5367, 5359, 5353 Bangor & 4115, 4121, 4127 McGraw. This is a land-based site. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and our Guide to Plot Plan, Site Design, and Maintenance. 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 DLBA 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 abatement 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 abatement on the purchase and development financing.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction S. of McGraw, W. of Bangor
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 14010499.
Acceptable Financing Cash
Listing Terms Cash
Listed by Bellabay Realty Tri Counties
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