448 E EUCLID Street Detroit, MI 48202

Located in the North End neighborhood of Detroit, this property consists of vacant land suitable for residential development. The parcel is conveniently located near expressways and Downtown Detroit. The listing includes three lots: 456 E Euclid, 448 E Euclid, and 444 E Euclid, which must be sold together. The total price for all three lots is $9,000. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing 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. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which may be incompatible with other tax abatements. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined upon reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. The total lot size is 0.08 acres.