$53,000
Detroit, MI 48202
MLS# 24003942
1 / 7
Property Description
Great infill opportunity in Detroit's bustling North End neighborhood. Includes a total of 4 lots. 297, 307, 315 and 323 King.The DLBA is seeking proposals 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 our proposal guidelines for new build opportunities. The DLBA also recommend reviewing relevant neighborhood framework plans from the City of Detroit's Planning and Development Dept. for additional context about the neighborhood. 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 abatements that are otherwise available to the selected purchaser.
Details
Maps
None
Current Price: $53,000
Location & Property Info
County: Wayne
Street #: 323
Street Name: King
Suffix: Street
State: MI
Zip Code: 48202
Cross Streets: John R. & Holbrook
Area: Wayne County - 100
Municipality: Detroit City
Ownership Type: Government Owned
Office/Contract Info
Status: Active
List Price: $53,000
Auction or For Sale: For Sale
List Price/Acre: 530000
Sub Agency: 3
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: Other
Listing Date: 2024-01-19
General Property Info
Property Sub-Type: Lot
Lot Measurement: Acres
Lot Square Footage: 4356
Lot Acres: 0.1
Lot Dimensions: 38X114
Road Frontage: 38
Waterfront: No
School District: Detroit
Tax Info
Tax ID #: 01002798.
Remarks & Misc
Directions: S. of Holbrook, E. of John R.
Legal: N KING E 15 FT 68 W 23 FT 69 JOS R MCLAUGHLINS L16 P77 PLATS, W C R 1/115 38 X 114.44
Property Features
Util Avail at Street: Electric; Natural Gas; Public Sewer; Public Water
Utilities Attached: None
Terms Available: Cash
Sale Conditions: Other
Supplements
The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Listing Office: BellaBay Realty Tri-Counties
Listing Agent: Natasha Talley
Last Updated: January - 19 - 2024
The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
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