5286 STANTON Street Detroit, MI 48208

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

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: Apr 17, 2024 Updated: May 13 at 3:31AM Checked: Jul 22 at 6:06PM

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MLS# 20240024641

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Investment Insights

Based on property information with market context.

This sale includes four residential lots located in Detroit, MI, presenting a new build infill opportunity in Corktown. The lots, which cannot be sold separately, are located at 5286 Stanton, 5278 Stanton, 5268 Stanton and 5260 Stanton. The total lot size is 0.14 acres. Any building should define space in a meaningful way and complement the community. Designs should provide a diverse residential stock and density at a variety of price points and ownership types, including rental and owned housing. Densities should support opportunities for neighborhood commercial investments and job creation, stimulating growth in the local economy. 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 abatements 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. Additional documents are attached for review.

Key Highlights

• Infill opportunity in Corktown
• Includes 4 lots (5286, 5278, 5268, and 5260 Stanton) sold together
• Aims to complement the community through design

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FAQs

What type of property is this?

Residential land & home lot - Four residential lots for new construction in Corktown, Detroit.

Where is this residential land & home lot located?

The property is located at 5286 STANTON Street Detroit, MI.

What is the asking price?

The asking price for this property is $102,000.

What are key features of this property?

This property features: Infill opportunity in Corktown; Includes **4 lots (5286, 5278, 5268, and 5260 Stanton) sold together**; Aims to complement the community through design