5720 WABASH 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 4, 2025 Updated: May 13 at 3:30AM Checked: Jul 22 at 4:06PM

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MLS# 20250022249

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Investment Insights

Based on property information with market context.

This residential land presents an infill opportunity near Downtown Detroit, Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University. It is also located close to future major developing areas. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development to increase housing supply and restore the urban fabric, density, and walkability. Interested buyers should 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 property has a lot size of 0.09 acres. The DLBA is entitled to a tax capture for the 5 tax years after transferring ownership. This tax capture may be incompatible with tax abatements and/or lot combinations. 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 effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.

Key Highlights

• Prime infill opportunity near Downtown Detroit, Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University.
• Ideal for small- to medium‑scale residential development to increase housing supply.
• Aims to restore urban fabric, density, and walkability.

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FAQs

What type of property is this?

Residential land & home lot - Residential land for sale near Downtown Detroit.

Where is this residential land & home lot located?

The property is located at 5720 WABASH 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: Prime infill opportunity near Downtown Detroit, Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University.; Ideal for small- to medium‑scale residential development to increase housing supply.; Aims to restore urban fabric, density, and walkability.