Detroit Land Bundle
For Sale
Contact for pricing
Pending
5001 WABASH Street, Detroit, MI 48208
LAND - Detroit, MI
Property SizeContact for details
Lot Size0.11 Acres
Days on Market466
Property Features for 5001 WABASH Street
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
PLAT OF GODFROY FARM (PLATS)
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
TAKE WARREN HEADED EAAST PAST GRAND RIVER. MAKE LEFT ONTO WABASH. PROPERTY ON LEFT SIDE AT THE CORNER OF PUTNAM
Standard status
Pending
APN
1000466083
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
W WABASH S 30 FT 480PLAT OF GODFROY FARM L7 P55 PLATS, W C R 10/50 30 X 151.48A
Legal Description
W WABASH S 30 FT 480PLAT OF GODFROY FARM L7 P55 PLATS, W C R 10/50 30 X 151.48A
Utilities
Water source
Public
Listing Agency:
RCH Brokerage Legacy Inc
(248) 440-2268
Listed By:
Leonard A Pickett III · License #6501306589
(248) 440-2268
Added: May 14, 2025
Changed: Jul 21
Last Checked: Aug 22 at 4:06AM
MLS# 20250035543
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This land is sold in a bundle with 5069 Wabash, 2119 Putnam, and 2125 Putnam, totaling 12,223 square feet. The zoning is residential. This presents a great opportunity for infill housing development. The buyer must submit an application to purchase, including construction plans or precedent architectural images of the proposed development and a financing plan with proof of funds or a pre-approval letter or a new construction loan. Note that the Detroit Land Bank Authority (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. The 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. The lot size is 0.11 acres.
Key Highlights
- Large combined lot size: 12,223 sqft across 4 lots
- Opportunity for infill housing development
- Bundle sale: Includes 5069 Wabash, 2119 Putnam, and 2125 Putnam
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Land bundle ideal for infill housing development in Detroit.
Where is this land located?
The property is located at 5001 WABASH Street Detroit, MI.
What are key features of this property?
This property features: Large combined lot size: **12,223 sqft across 4 lots**; Opportunity for infill housing development; Bundle sale: Includes 5069 Wabash, 2119 Putnam, and 2125 Putnam
