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5001 WABASH Street Detroit, MI 48208
4,791 Sqft Lot
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250035543
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 30 x 151
Source Realcomp
Property Description
Sold in a bundle with 5069 Wabash, 2119 Putnam, and 2125 Putnam totaling 12,223 sqft. All 4 lots sold together for 20k. Not sold separately. Great opportunity for infill housing development. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF or Pre-approval letter or a new construction loan. 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. BATVAI. See attached documents for DLBA requirements and offer submission. reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction TAKE WARREN HEADED EAAST PAST GRAND RIVER. MAKE LEFT ONTO WABASH. PROPERTY ON LEFT SIDE AT THE CORNER OF PUTNAM
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 1000466083
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc
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