5767 Wabash St, Detroit, MI 48208

Property Description

Great infill opportunity located close to Motown Museum and Henry Ford expansion. Billions of dollars earmarked for development in the vicinity. 3lots included, 5767, 5773 Wabash and 2105 Antoinette, for a total of $60,000 and cannot be sold separately. Zoned R2 Residential. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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.