5954 Brush StDetroit, MI 48202

For Sale
$105,000

.16-acre lot, high-density potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional .16-acre vacant land parcel, totaling 6,975 square feet, presents a remarkable development opportunity in Detroit's vibrant Milwaukee Junction neighborhood. Located at 5954 Brush Street, this property includes contiguous addresses 5936, 5940, 5942, and 5946 Brush Street, offering significant buildable area. The R5 zoning allows for a variety of high-density residential development options, making it ideal for multi-family projects. The property is situated near Midtown, offering convenient access to amenities and transportation. It's important to note that the Detroit Land Bank Authority (DLBA) retains tax capture rights for five years post-sale. This tax capture may affect the feasibility of certain tax abatements and lot combinations. The DLBA will consider waivers of these rights, potentially requiring a payment in lieu of taxes, determined by a review of the development plan and its impact on financing. The DLBA mandates a minimum of two housing units in any new development on this site. This prime location and flexible zoning make this a compelling investment for developers seeking to capitalize on Detroit's burgeoning residential market. The asking price for this exceptional opportunity is $105,000.

Highlights

  • .16-acre vacant land parcel (6,975 sq ft) in Detroit's Milwaukee Junction neighborhood.
  • Includes contiguous addresses 5936, 5940, 5942, and 5946 Brush Street.
  • R5 zoning allows high-density residential development (multi-family).
  • Near Midtown, offering convenient access to amenities and transportation.
  • Detroit Land Bank Authority (DLBA) retains five-year tax capture rights post-sale; minimum two housing units required; DLBA may consider waivers.
  • Asking price: $105,000.

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3668539
Longitude
-83.064851
5954 Brush St, Detroit, Michigan

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5954 Brush St
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