5719 Wabash St Detroit, MI 48208

This residential land, located in Detroit, Michigan, presents an infill opportunity near Downtown, the Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University. It is also situated close to future major developing areas. Measuring 0.13 acres, the site is suitable for small- to medium-scale infill development aimed at increasing housing supply and restoring the urban fabric, density, and walkability. Buyers should consult 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 Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years following the property ownership transfer. This tax capture may not be compatible with tax abatements or lot combinations available to the 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 the effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.