5201 STANTON Street Detroit, MI 48208

Listing agent Erick Monzo Show Phone

Listing office Keller Williams Realty-Great Lakes j***@kw.com 28220 Harper, St. Clair Shores, MI Show Phone

Listing date Jun 26, 2024

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MLS# 20240043415 Listing URL

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Investment Insights

Based on property information with market context.

This offering from the Detroit Land Bank Authority consists of a two-lot bundle situated at Grand River and I-94. Located in the Woodbridge neighborhood, the property offers convenient access to expressways, facilitating commutes to work or downtown Detroit. The Detroit Land Bank Authority is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may not be compatible with other tax abatements available to the purchaser. The DLBA will consider requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes. The payment amount will be determined after reviewing the development proforma and the impact of any tax abatement on the purchase and development financing. This bundle includes 5201 STANTON and 2524 MERRICK and must be purchased together. The total listing price is $18,500. The lot size is 0.12 acres.

Key Highlights

• Two‑lot bundle in the Woodbridge neighborhood
• Convenient location near Grand River and I‑94
• Easy commute to work or downtown via expressways

Property Analytics

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FAQs

What type of property is this?

Residential land & home lot - Two-lot bundle in Woodbridge neighborhood near expressways.

Where is this residential land & home lot located?

The property is located at 5201 STANTON Street Detroit, MI.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Two‑lot bundle in the Woodbridge neighborhood; Convenient location near Grand River and I‑94; Easy commute to work or downtown via expressways