5201 STANTON Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48208 2065
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60318928
Style Vacant Land
Annual Tax Amount $47
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 54.00 x 100.00
Property Sub-Type Vacant Land
Property Description
Check out this latest offering from the Detroit Land Bank Authority located at Grand River and I-94. This TWO lot bundle is conveniently located in Woodbridge neighborhood near expressways making commutes to work or downtown easy. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement 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 abatement on the purchase and development financing. THIS BUNDLE INCLUDES 5201 STANTON AND 2524 MERRICK AND MUST BE PURCHASED TOGETHER. TOTAL LISTING PRICE IS $18,500.00.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Building
Water Public Water at Street
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash