5125 BANGOR STREET
Detroit, MI 48210
0.11 acres | #20250023928
Description
New Development Opportunity close to Corktown, transportation, freeways and future major developing areas. 4 lots are included in the sale, 5131, 5125, 5137, 5143 Bangor, totaling 24,485 square feet. The total price for all lots are $88,000. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority 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 abatements and lot combinations 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 abatements on the purchase and development financing.
Property Details
- SubdivisionDANIEL SCOTTENS SUB (PLATS)
- Property SubtypeUnimprovedLand
- Sewer InformationPublicSewer
- MLS #20250023928
- MLS #20250023928
- Parcel Number14010526.
- Property TypePurchase
- School DistrictDetroit
- Original List Price$22,000
- Utility SourcePublic
- CountyWayne
- Cost88000
- Acres0.11
- Days on Market (Cumulative)8
Location
Legal
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Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Natasha C Richards (#292343), Email: natasharichards@comcast.net
Listing Office: Bellabay Realty Tri Counties (#385913)
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