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$ 18,500
Est. payment /mo
Active
5201 STANTON Street Detroit, MI 48208
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240043415
Originating Board Realcomp
Annual Tax Amount $47
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 54.00 x 100.00
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 Wayne County - 100
Zoning Residential
Direction North of Warren Avenue, West of Grand River
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W10I006925S
Acceptable Financing Cash
Listing Terms Cash
Listed by Keller Williams Realty-Great Lakes