Residential Infill Development
For Sale
Contact for pricing
6145 Wabash Street, Detroit, MI 48208
Residential infill land near Downtown and major institutions, with DLBA tax capture provisions following transfer.
Property SizeContact for details
Days on Market497
Property Features for 6145 Wabash 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 4, 2025
Changed: Aug 8
Last Checked: Jul 20 at 1:49PM
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.
This offering is for residential infill development land. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development intended to increase housing supply and support restoration of the urban fabric, including density and walkability. Interested buyers should review DLBA proposal guidelines for new build opportunities.
The property is described as being close to Downtown, the Motown Museum, Henry Ford Hospital, Corktown, Midtown, Wayne State University, and future major developing areas.
Please note that DLBA is entitled to a tax capture for the five tax years following transfer of ownership. DLBA indicates this tax capture may be incompatible with tax abatements and/or lot combinations available to the selected purchaser, and it will review requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes. The payment, if applicable, would be determined based on the development proforma and the effect of any tax abatements on purchase and development financing.
The property is described as being close to Downtown, the Motown Museum, Henry Ford Hospital, Corktown, Midtown, Wayne State University, and future major developing areas.
Please note that DLBA is entitled to a tax capture for the five tax years following transfer of ownership. DLBA indicates this tax capture may be incompatible with tax abatements and/or lot combinations available to the selected purchaser, and it will review requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes. The payment, if applicable, would be determined based on the development proforma and the effect of any tax abatements on purchase and development financing.
Key Highlights
- Residential infill land near Downtown and major institutions including Motown Museum and Henry Ford Hospital
- Close to Corktown, Midtown, Wayne State University, and future major developing areas
- Detroit Land Bank Authority (DLBA) provides for tax capture for the 5 tax years after transferring ownership
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
472
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 - Residential infill land near Downtown and major institutions, with DLBA tax capture provisions following transfer.
Where is this residential land & home lot located?
The property is located at 6145 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: Residential infill land near Downtown and major institutions including Motown Museum and Henry Ford Hospital; Close to Corktown, Midtown, Wayne State University, and future major developing areas; Detroit Land Bank Authority (DLBA) provides for tax capture for the 5 tax years after transferring ownership
