323 KING Street Detroit, MI 48202
- Added:
- Apr 17, 2024
- Days on Market:
- 716
- Last Refresh:
- Apr 2 at 11:06 am
Property Features for 323 KING Street
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Residential
- Standard status
- Active Under Contract
- APN
- 01002798.
- Lot size
- 0.10 Acres
Building Details
- Architectural style
- Other
Listing agent Natasha C Richards (313) 204-0310
Listing office Bellabay Realty Tri Counties 37361 Eight Mile Road, Livonia, MI (248) 274-6614
Listing date Apr 17, 2024
MLS# 20240024982
Listing URL
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Overview
Detroit Land Infill Opportunity
This property presents an infill opportunity in Detroit's North End neighborhood, comprising a total of four lots located at 297, 307, 315, and 323 King Street. The Detroit Land Bank Authority (DLBA) is seeking proposals for small to medium-scale infill development, with the aim of increasing housing supply, restoring the urban fabric, and enhancing density and walkability. Interested buyers are encouraged to consult the DLBA's proposal guidelines for new build opportunities and review relevant neighborhood framework plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. The property is zoned for residential use and has a lot size of 0.1 acres. The DLBA is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may not be compatible with other tax abatements available to the purchaser. The payment amount will be determined after reviewing the development proforma and the effect of any tax abatements on the purchase and development financing.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0758979
- Latitude
- 42.3821549
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Four residential lots available in Detroit's North End neighborhood.
Where is this residential land & home lot located?
The property is located at 323 KING Street Detroit, MI.
What is the asking price?
The asking price for this property is $53,000.
What are key features of this property?
This property features: Four contiguous lots in Detroit's North End offer a significant infill development opportunity.; Located in a rapidly developing area with increasing housing demand.; Aligned with the Detroit Land Bank Authority's (DLBA) goals for increasing housing supply and urban density.
