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5039 Vermont ST Detroit, MI 48208
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type UnimprovedLand
Listing Status Active
Purchase Type For Sale
Subdivision Lafferty Farm Sub Of Blks 7 Thru 12 Ol2
MLS Listing ID 20261058324
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type UnimprovedLand
Property Description
5033 & 5039 Vermont – Detroit, MI MUST BE SOLD AS A PACKAGE $14,000 total
Rare opportunity to acquire two adjacent parcels being sold together in an established Detroit neighborhood. This combined offering provides added flexibility for new residential construction, infill development, or a custom build project. Conveniently located near major thoroughfares, schools, parks, shopping, and dining, the property offers easy access to Downtown Detroit, the New Center area, and the Lodge Freeway (M-10), placing employment centers, entertainment, and everyday amenities within minutes.
Situated in a central Detroit growth corridor experiencing continued investment and redevelopment, these parcels present an excellent opportunity for builders, developers, and investors looking to capitalize on the area's ongoing revitalization.
Buyer must submit a complete DLBA proposal package including: project description with intended use and construction timeline, proof of funds (bank statement or lender letter), site plan or concept drawing, and documentation of prior similar projects (addresses and photos). Sale is contingent upon execution of a DLBA Development Agreement and compliance with all City of Detroit permitting and approval requirements. Property sold as-is.
DLBA retains the right to tax recapture for five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests are reviewed case-by-case and may require payment in lieu of taxes subject to DLBA review of project financing and development pro forma. Buyers are encouraged to review applicable Neighborhood Framework Plans published by the City of Detroit Planning and Development Department (PDD). Contact listing broker for application link and submission instructions.
Rare opportunity to acquire two adjacent parcels being sold together in an established Detroit neighborhood. This combined offering provides added flexibility for new residential construction, infill development, or a custom build project. Conveniently located near major thoroughfares, schools, parks, shopping, and dining, the property offers easy access to Downtown Detroit, the New Center area, and the Lodge Freeway (M-10), placing employment centers, entertainment, and everyday amenities within minutes.
Situated in a central Detroit growth corridor experiencing continued investment and redevelopment, these parcels present an excellent opportunity for builders, developers, and investors looking to capitalize on the area's ongoing revitalization.
Buyer must submit a complete DLBA proposal package including: project description with intended use and construction timeline, proof of funds (bank statement or lender letter), site plan or concept drawing, and documentation of prior similar projects (addresses and photos). Sale is contingent upon execution of a DLBA Development Agreement and compliance with all City of Detroit permitting and approval requirements. Property sold as-is.
DLBA retains the right to tax recapture for five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests are reviewed case-by-case and may require payment in lieu of taxes subject to DLBA review of project financing and development pro forma. Buyers are encouraged to review applicable Neighborhood Framework Plans published by the City of Detroit Planning and Development Department (PDD). Contact listing broker for application link and submission instructions.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes