Residential Development
For Sale
$88,000
5143 Bangor Street, Detroit, MI 48210
Four residential lots totaling 24,485 square feet are offered for new development with a contingent development agreement.
Property SizeContact for details
Lot Size0.56 Acres
Days on Market493
Property Features for 5143 Bangor Street
General Information
Standard status
Active
Lot size
0.56 Acres
Property subtype
Land
Additional Details
Highway Access
Yes
Listing Agency:
Bellabay Realty Tri Counties
(313) 204-0310
Listed By:
Natasha C Richards · License #6502385914
(313) 204-0310
Source:
Compass
Added: Apr 8, 2025
Changed: Aug 8
Last Checked: Jul 20 at 3:51PM
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.
The offering includes four residential lots: 5131 Bangor, 5125 Bangor, 5137 Bangor, and 5143 Bangor Street. Combined, the lots total 24,485 square feet and are being sold as a single package for development purposes.
The property is marketed as a new development opportunity near Corktown, transportation, freeways, and future major developing areas.
Please note the sale is contingent on a buyer and seller executed development agreement. The Detroit Land Bank Authority is entitled to a tax capture for five tax years after transferring ownership, and the tax capture may not align with certain tax abatements and lot combinations that could otherwise be available. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes based on the development pro forma and the effect of any abatements on financing.
The property is marketed as a new development opportunity near Corktown, transportation, freeways, and future major developing areas.
Please note the sale is contingent on a buyer and seller executed development agreement. The Detroit Land Bank Authority is entitled to a tax capture for five tax years after transferring ownership, and the tax capture may not align with certain tax abatements and lot combinations that could otherwise be available. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes based on the development pro forma and the effect of any abatements on financing.
Key Highlights
- Sale includes 4 residential lots: 5131, 5125, 5137, and 5143 Bangor.
- Total land area across the 4 lots is 24,485 SF.
- Total price for all lots is $88,000.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 48210, MI
27,155
Population
10,576
Households
2.6
Avg Household Size
28
Median Age
9%
College-Educated
57%
High-School Grad
4.9 sq mi
ZIP Area
5,542
Density / Sq Mi
$38,900
Median Household Income
$25,220
Median Earnings
$968
Median Rent
$60,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Four residential lots totaling 24,485 square feet are offered for new development with a contingent development agreement.
Where is this residential land & home lot located?
The property is located at 5143 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: Sale includes 4 residential lots: 5131, 5125, 5137, and 5143 Bangor.; Total land area across the 4 lots is 24,485 SF.; Total price for all lots is $88,000.
