5286 STANTON Street, Detroit, MI 48208
5286 STANTON Street, Detroit, MI 48208
5286 STANTON Street, Detroit, MI 48208
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$102,000
Est. payment /mo
6,098 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20240024641

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 42 x 150

Source Realcomp

Property Description

Looking for a new build infill opportunity in Cork town? Sale includes 4 lots that cannot be sold separately, 5286 Stanton, 5278 Stanton, 5268 Stanton and 5260 Stanton. BUILDING SHOULD DEFINE SPACE IN MEANINGFUL WAY. BUILDING SHOULD BE DESIGNED TO COMPLEMENT COMMUNITY.PROVIDE A DIVERSE RESIDENTIAL STOCK AND DENSITY AT A VARIETY OF PROCEDURE OF PRICES POINTS, OWNERSHIP TYPES(I.E.RENT,OWN),HOUSING TYPES. DENSITIES SHALL SUPPORT OPPORTUNITIES FOR NEIGHBORHOOD COMMERICAL INVESTMENTS & JOBS CREATION, STIMULATING GROWTH IN LOCAL ECONOMY. 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 & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING.SEE ADDITIONAL ATTACHED DOCS

Location

State MI

County Wayne

Zoning Residential

Direction S. of I-94, E. of Linwood

Exterior

View Y/N No

Schools

School District Detroit

Others

Tax ID 10006767.

Acceptable Financing Cash

Listing Terms Cash

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Listed by Bellabay Realty Tri Counties

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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