MI > Detroit > John Tiremans Sub (Plats)
Detroit, MI 48204,5040 FERNWOOD ST
Detroit, MI 48204,5040 FERNWOOD ST
Detroit, MI 48204,5040 FERNWOOD ST
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Matthew Stransky

Matthew Stransky

+1(248) 765-8788
$35,000
Est. payment /mo
2 Baths
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type UnimprovedLand

Listing Status Active

Purchase Type For Sale

Subdivision John Tiremans Sub (Plats)

MLS Listing ID 20240040769

Half Baths 1

Property Sub-Type UnimprovedLand

Property Description

This is a land-based site. This vacant lot is sold with 5054,5060, 5066, and 5074 Fernwood. Totaling= 47,720 sqft. Not sold separately. Zoned R3. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and DLBA Guide to Plot Plan, Site Design, and Maintenance. 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. BATVAI. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). Please note that the Detroit Land Bank Authority 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

Area Area05101Detsouthofgrandriver

Interior

Fireplace No

Exterior

View Y/N No

Building

Sewer Public Sewer, Sewer At Street

Water Public, WateratStreet

New Construction No

Schools

High Schools Detroit

School District Detroit

Others

Senior Community false

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition GovernmentOwned, ShortSaleNo

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Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc

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Matthew Stransky

Matthew Stransky

Team Owner | License ID: 327649

+1(248) 765-8788

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5040 FERNWOOD ST

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