Residential Development Land
For Sale
Contact for pricing
5964 WABASH St, Detroit, MI 48208
Two residential parcels are offered for infill development near Downtown and major Detroit institutions.
Property SizeContact for details
Days on Market28
Property Features for 5964 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 5:58PM
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 residential land parcels located at 5964 and 5976 Wabash Street. The property is being marketed as a residential infill opportunity intended to increase housing supply and support restoration of the urban fabric through density and walkability.
The parcels are described as being close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University, as well as future major developing areas. Nearby planning context is referenced through the City of Detroit Planning and Development Department’s Neighborhood Framework Plans.
A note for purchasers: the Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership. DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes, which will be determined based on the development pro forma and the effect of any tax abatements on purchase and development financing. Interested buyers should consult DLBA proposal guidelines for new build opportunities.
The parcels are described as being close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University, as well as future major developing areas. Nearby planning context is referenced through the City of Detroit Planning and Development Department’s Neighborhood Framework Plans.
A note for purchasers: the Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership. DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes, which will be determined based on the development pro forma and the effect of any tax abatements on purchase and development financing. Interested buyers should consult DLBA proposal guidelines for new build opportunities.
Key Highlights
- Two residential parcels included: 5964 & 5976 Wabash
- Offered for infill development near Downtown and major Detroit institutions including Henry Ford Hospital and Wayne State University
- BikeScore 68 (Bikeable), WalkScore 40 (Car‑Dependent), transitScore 50 (Good Transit)
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 parcels are offered for infill development near Downtown and major Detroit institutions.
Where is this residential land & home lot located?
The property is located at 5964 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: Two residential parcels included: 5964 & 5976 Wabash; Offered for infill development near Downtown and major Detroit institutions including Henry Ford Hospital and Wayne State University; BikeScore 68 (Bikeable), WalkScore 40 (Car‑Dependent), transitScore 50 (Good Transit)
