5131 BANGOR Street Detroit, MI 48210

Listing agent Natasha C Richards License #6502385914 Show Phone

Listing office Bellabay Realty Tri Counties n***@comcast.net 37361 Eight Mile Road, Livonia, MI Show Phone

Listing date Apr 4, 2025

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MLS# 20250022284 Listing URL

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Investment Insights

Based on property information with market context.

This sale presents a new development opportunity near Corktown, transportation options, freeways, and upcoming major development areas. The sale includes four lots located at 5131, 5125, 5137, and 5143 Bangor, Detroit, MI 48210, totaling 24,485 square feet or 0.11 acres. The zoning is residential. The sale is contingent on a buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Key Highlights

• Four lots included in sale, totaling 24,485 square feet.
• Located close to Corktown.
• New development opportunity.

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FAQs

What type of property is this?

Residential land & home lot - Land for new development near Corktown, transportation, and freeways.

Where is this residential land & home lot located?

The property is located at 5131 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 lots included in sale, totaling 24,485 square feet.; Located close to Corktown.; New development opportunity.