5734 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 9:06PM

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MLS# 20250022250

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Investment Insights

Based on property information with market context.

This residential infill opportunity includes two parcels located at 5734 & 5740 Wabash, situated close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University, as well as future major developing areas. The combined lot size is 0.09 acres. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, density, and walkability. Interested buyers should consult the 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 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 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. Please refer to DLBA proposal guidelines.

Key Highlights

• Infill opportunity on two parcels for small- to medium‑scale development.
• Located close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University.
• Total price for all lots is $22,000.

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FAQs

What type of property is this?

Residential land & home lot - Two parcels near Downtown, Motown Museum, and Wayne State.

Where is this residential land & home lot located?

The property is located at 5734 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: Infill opportunity on two parcels for small- to medium‑scale development.; Located close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University.; Total price for all lots is $22,000.