5125 BANGOR Street Detroit, MI 48210

Listing agency Bellabay Realty Tri Counties n***@comcast.net Show Phone

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: Apr 8, 2025 Updated: May 13 at 3:30AM Checked: Jul 23 at 3:06AM

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MLS# 20250023928

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Investment Insights

Based on property information with market context.

This sale presents a new development opportunity near Corktown, with convenient access to transportation and freeways, situated close to future major developing areas. The sale includes four lots located at 5131, 5125, 5137, and 5143 Bangor, Detroit, MI 48210, totaling 24,485 square feet. The lots are zoned residential. The sale is contingent on a 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.

Key Highlights

• New development opportunity.
• Includes 4 lots totaling 24,485 square feet.
• Located close to Corktown.

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FAQs

What type of property is this?

Residential land & home lot - Four residential lots for development near Corktown, totaling 24,485 SF.

Where is this residential land & home lot located?

The property is located at 5125 BANGOR Street Detroit, MI.

What is the asking price?

The asking price for this property is $88,000.

What are key features of this property?

This property features: New development opportunity.; Includes 4 lots totaling 24,485 square feet.; Located close to Corktown.