5740 WABASH Street, Detroit, MI 48208

This residential infill opportunity includes two parcels located at 5740 & 5734 Wabash, Detroit, MI 48208. The properties are situated close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, Wayne State University, and future major developing areas. The total lot size is 0.09 acres. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult the DLBA proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. The Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which may be incompatible with tax abatements and/or lot combinations. 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. Please refer to DLBA proposal guidelines.