5
See all 5 photos
$25,000
Est. payment /mo
2,178 Sqft Lot
Active
5175 Vermont Street Detroit, MI 48208
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261021993
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 30X70
Source Realcomp
Property Description
These 5161, 5169 & 5175 Vermont sits in the Woodbridge area of Detroit (zip 48208), which is actually one of the more strategic and talked-about pockets on the west side right now.The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult the 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. 5161, 5169 & 5175 Vermont are part of a bundle package and must be sold together for $25,000 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.
Location
State MI
County Wayne
Zoning Residential
Direction i-94 & Rosa Parks
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W08I008553S
Acceptable Financing Cash
Listing Terms Cash
Listed by Keller Williams Realty-Great Lakes
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION