Infill Residential Development
For Sale
$102,000
5286 Stanton Street, Detroit, MI 48208
Sale includes four attached residential lots along Stanton Street, sold together only, for an infill new-build development opportunity.
Property SizeContact for details
Days on Market858
Property Features for 5286 Stanton Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Bellabay Realty Tri Counties
(313) 204-0310
Listed By:
Natasha C Richards · License #6502385914
(313) 204-0310
Source:
Compass
Added: Apr 8, 2024
Changed: Aug 8
Last Checked: Jul 16 at 2:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bellabay Realty Tri Counties
Investment Insights
Based on property information with market context.
For sale are four residential lots sold as a package and not separately: 5286 Stanton, 5278 Stanton, 5268 Stanton, and 5260 Stanton. The seller presents the offering as an infill new-build opportunity in Corktown, with development intended to define space in a meaningful way and complement the community.
The property is located at 5286 Stanton Street in Detroit, MI 48208. Included materials reference development expectations related to providing a diverse residential stock and supporting neighborhood commercial investments and job creation.
The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for five tax years following transfer of ownership. The tax capture may be incompatible with tax abatement otherwise available to the selected purchaser, and DLBA will review requests to waive its tax capture rights, which may require a payment in lieu of taxes to approve such requests. Additional attached documents are referenced for further detail.
The property is located at 5286 Stanton Street in Detroit, MI 48208. Included materials reference development expectations related to providing a diverse residential stock and supporting neighborhood commercial investments and job creation.
The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for five tax years following transfer of ownership. The tax capture may be incompatible with tax abatement otherwise available to the selected purchaser, and DLBA will review requests to waive its tax capture rights, which may require a payment in lieu of taxes to approve such requests. Additional attached documents are referenced for further detail.
Key Highlights
- Sale includes four attached residential lots on Stanton Street: 5286, 5278, 5268, and 5260 Stanton
- The four lots are sold together only and cannot be sold separately
- dlba is entitled to a tax capture for the 5 tax years after transferring ownership of the property
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Sale includes four attached residential lots along Stanton Street, sold together only, for an infill new-build development opportunity.
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: Sale includes four attached residential lots on Stanton Street: 5286, 5278, 5268, and 5260 Stanton; The four lots are sold together only and cannot be sold separately; dlba is entitled to a tax capture for the 5 tax years after transferring ownership of the property
