5954 Brush StDetroit, MI 48202

For Sale
$105,000
.16-acre lot, high-density potential.

Overview

Added:
Dec 11, 2024
Days on market:
126
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.

Property Details for 5954 Brush St

Property type
Land

Location Insight

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

FAQs

What type of property is this?
Land - .16-acre lot, high-density potential.
Where is the land located?
The property is located at 5954 Brush St Detroit, MI.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: .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).
How can I contact the broker?
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5954 Brush St
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