945 E Euclid St Detroit, MI 48211

This vacant land, sold with the adjacent properties at 939 and 957 Euclid, totals 14,637 square feet. The site is located within the Greater Downtown-North End Planning Study area and the Oakland/Clay Neighborhood Enterprise Zone (NEZ), which supports new construction and rehabilitation projects. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development aimed at increasing housing supply and restoring the urban fabric, density, and walkability. Interested buyers should consult DLBA 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. Note that 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. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.