Residential Infill Development
For Sale
Contact for pricing
5720 WABASH St, Detroit, MI 48208
Residential land offered by the Detroit Land Bank Authority for small- to medium-scale infill development.
Property SizeContact for details
Days on Market28
Property Features for 5720 WABASH St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Bellabay Realty Tri-Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 5:53PM
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 consists of residential land suitable for small- to medium-scale infill development focused on increasing housing supply and restoring urban fabric. The Detroit Land Bank Authority seeks proposals aligned with these goals, and interested buyers are directed to review DLBA proposal guidelines for new build opportunities and application requirements.
The property is located close to Downtown and several prominent local destinations, including the Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University. The area also includes future major developing areas.
Prospective purchasers should review the DLBA’s note regarding tax capture: the authority is entitled to a tax capture for the five tax years following transfer. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development pro forma and the effect of any tax abatements on purchase and development financing.
The property is located close to Downtown and several prominent local destinations, including the Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University. The area also includes future major developing areas.
Prospective purchasers should review the DLBA’s note regarding tax capture: the authority is entitled to a tax capture for the five tax years following transfer. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development pro forma and the effect of any tax abatements on purchase and development financing.
Key Highlights
- Residential land for small- to medium‑scale infill development, offered by the Detroit Land Bank Authority.
- Bike Score 68 (Bikeable), Walk Score 40 (Car‑Dependent), Transit Score 50 (Good Transit).
- Close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University.
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential land offered by the Detroit Land Bank Authority for small- to medium-scale infill development.
Where is this residential land & home lot located?
The property is located at 5720 WABASH St 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: Residential land for small- to medium‑scale infill development, offered by the Detroit Land Bank Authority.; Bike Score 68 (Bikeable), Walk Score 40 (Car‑Dependent), Transit Score 50 (Good Transit).; Close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University.
