5964 WABASH Street Detroit, MI 48208

This residential infill opportunity includes two parcels, specifically 5964 and 5976 Wabash, situated in close proximity to Downtown Detroit, the Motown Museum, and Henry Ford Hospital. The location also offers convenient access to Corktown, Midtown, Wayne State University, and upcoming major development areas. The combined lot size is 0.18 acres. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development aimed at increasing housing supply and restoring the urban fabric, density, and walkability. Interested buyers are encouraged to consult the DLBA 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. Please note that the Detroit Land Bank Authority 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 and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.