444 E EUCLID Street Detroit, MI 48202

Listing agent Erick Monzo Show Phone

Listing office Keller Williams Realty-Great Lakes j***@kw.com 28220 Harper, St. Clair Shores, MI Show Phone

Listing date May 5, 2023

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MLS# 20230031116 Listing URL

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Investment Insights

Based on property information with market context.

Located in the North End neighborhood of Detroit, this property consists of vacant land suitable for residential development. The parcel is near expressways and Downtown Detroit. The property includes three lots: 456 E Euclid, 448 E Euclid, and 444 E Euclid, and they must be sold together. The total lot size is 0.08 acres. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and enhance density and walkability. Interested buyers should 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 neighborhood context. The DLBA is entitled to a tax capture for the five tax years following the property ownership transfer. This tax capture may be incompatible with other tax abatements available to the purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined after reviewing the development proforma and the effect of any tax abatement on financing.

Key Highlights

• Vacant lot bundle (456 E Euclid, 448 E Euclid, and 444 E Euclid) offered for a single price.
• Located in the desirable North End neighborhood.
• Close proximity to expressways and Downtown Detroit.

Property Analytics

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FAQs

What type of property is this?

Residential land & home lot - Vacant residential lots in Detroit's North End neighborhood.

Where is this residential land & home lot located?

The property is located at 444 E EUCLID Street Detroit, MI.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Vacant lot bundle (456 E Euclid, 448 E Euclid, and 444 E Euclid) offered for a single price.; Located in the desirable North End neighborhood.; Close proximity to expressways and Downtown Detroit.