Vacant Land Development
5387 Bangor Street Detroit, MI 48210
5387 Bangor Street, Detroit, MI, 48210
$99,000
For Sale
$99,000
Nine-lot vacant land site offered for sale with addresses on Bangor and McGraw Streets in Detroit.
Days on Market840
Property Features for 5387 Bangor 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, 2024 Updated: Jul 21 at 10:30AM Checked: Jul 21 at 10:30AM
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.
This offering includes nine lots comprising a land-based site for sale in Detroit. The DLBA seeks proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should review the proposal guidelines for land-based sites as well as the Guide to Plot Plan, Site Design, and Maintenance.
The property is described as being close to the Grand Blvd/Midtown development area. The DLBA is also entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with any tax abatement that could otherwise be available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests, with the amount determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
Addresses included are 5387, 5381, 5373, 5367, 5359, 5353 Bangor, and 4115, 4121, 4127 McGraw.
The property is described as being close to the Grand Blvd/Midtown development area. The DLBA is also entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with any tax abatement that could otherwise be available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests, with the amount determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
Addresses included are 5387, 5381, 5373, 5367, 5359, 5353 Bangor, and 4115, 4121, 4127 McGraw.
Key Highlights
- Nine‑lot vacant land site for sale with addresses on Bangor St and McGraw St in Detroit
- Property includes 5387, 5381, 5373, 5367, 5359, 5353 Bangor St
- Also includes 4115, 4121, 4127 McGraw St
Property Analytics
Location Intelligence
Current Use by Public Records
Agricultural land / Farmland
Similar For Sale Nearby
FAQs
What type of property is this?
Agricultural land / Farmland - Nine-lot vacant land site offered for sale with addresses on Bangor and McGraw Streets in Detroit.
Where is this agricultural land / farmland located?
The property is located at 5387 Bangor Street Detroit, MI.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Nine‑lot vacant land site for sale with addresses on Bangor St and McGraw St in Detroit; Property includes 5387, 5381, 5373, 5367, 5359, 5353 Bangor St; Also includes 4115, 4121, 4127 McGraw St
