5122 WABASH Street Detroit, MI 48208

This property consists of a bundled offering of seven vacant residential lots located in Detroit, MI. The lots, with the address 5122 WABASH Street, are also bundled with 5108, 5118, 5130, 5142 Wabash, and 2040, 2038 Putnam. The combined area of the seven lots totals 20,984 square feet, equivalent to approximately 0.14 acres. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing density and walkability. Interested buyers are advised to consult the DLBA's proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context. The DLBA is entitled to a tax capture for the five tax years following the property ownership transfer, which may be incompatible with other available tax abatements. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined upon reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. The zoning is residential.