Infill Residential Land
For Sale
Contact for pricing
5734 Wabash Street, Detroit, MI 48208
Two residential lots are available together as an infill development opportunity near Detroit’s central districts.
Property SizeContact for details
Days on Market497
Property Features for 5734 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 21 at 4:15AM
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 two parcels at 5734 and 5740 Wabash Street, sold together for residential infill development. The Detroit Land Bank Authority is soliciting proposals for small- to medium-scale infill with the goal of increasing housing supply and supporting density and walkability, and interested buyers are directed to review DLBA proposal guidelines for new build opportunities.
The lots are described as being located close to several Detroit destinations and institutions, including Motown Museum, Henry Ford Hospital, Corktown, Midtown, Wayne State University, and Downtown. The DLBA also recommends reviewing the City of Detroit Neighborhood Framework Plans for additional context.
Please note that the DLBA is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements and/or lot combinations available to the selected purchaser, and DLBA will review requests to waive tax capture rights, which may require a payment in lieu of taxes based on the development proforma and any tax abatements.
The lots are described as being located close to several Detroit destinations and institutions, including Motown Museum, Henry Ford Hospital, Corktown, Midtown, Wayne State University, and Downtown. The DLBA also recommends reviewing the City of Detroit Neighborhood Framework Plans for additional context.
Please note that the DLBA is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements and/or lot combinations available to the selected purchaser, and DLBA will review requests to waive tax capture rights, which may require a payment in lieu of taxes based on the development proforma and any tax abatements.
Key Highlights
- Two residential parcels available together: 5734 and 5740 Wabash
- Total price for all lots is $22,000
- Located near Detroit central districts and key destinations including Downtown, Motown Museum, and Henry Ford Hospital
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 - Two residential lots are available together as an infill development opportunity near Detroit’s central districts.
Where is this residential land & home lot located?
The property is located at 5734 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: Two residential parcels available together: 5734 and 5740 Wabash; Total price for all lots is $22,000; Located near Detroit central districts and key destinations including Downtown, Motown Museum, and Henry Ford Hospital
