5137 Bangor Street Detroit, MI 48210

Listing agency Bellabay Realty Tri Counties n***@comcast.net Show Phone

Listed by Natasha C Richards · License #6502385914 Show Phone

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Added: Apr 8, 2025 Updated: Jul 22 at 2:52AM Checked: Jul 22 at 2:52AM

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Investment Insights

Based on property information with market context.

This sale includes four lots: 5131, 5125, 5137, and 5143 Bangor Street in Detroit. The combined offering totals 24,485 square feet and is presented as a new development opportunity.

The transaction is contingent on a buyer- and seller-executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years following transfer of ownership, which may be incompatible with certain tax abatements and lot combinations available to the selected purchaser. DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes based on the development proforma and the effect of any tax abatements on purchase and development financing.

Key Highlights

• Four adjoining development lots included in the sale: 5131, 5125, 5137, and 5143 Bangor
• Total lot area: 24,485 sq ft
• Total sale price for all lots: $88,000

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FAQs

What type of property is this?

Specialty property - Four adjoining development lots are offered for sale, totaling 24,485 square feet.

Where is this specialty property located?

The property is located at 5137 Bangor Street Detroit, MI.

What is the asking price?

The asking price for this property is $88,000.

What are key features of this property?

This property features: Four adjoining development lots included in the sale: 5131, 5125, 5137, and 5143 Bangor; Total lot area: 24,485 sq ft; Total sale price for all lots: $88,000