Infill Development Land
For Sale
$67,500
402 E EUCLID Street, Detroit, MI 48202
Bundled five-lot package in Detroit’s North End, designed for infill construction with DLBA development and financing submission requirements.
Property SizeContact for details
Lot Size0.42 Acres
Days on Market43
Property Features for 402 E EUCLID Street
General Information
Standard status
Active
Lot size
0.42 Acres
Property subtype
Land
Zoning
Residential
Amenities
no
Public Sewer
Public, Waterat Street
0.09
Acres
33
Paved
33 x 120
Listing Agency:
RCH Brokerage Legacy, Inc.
(248) 440-2268
Listed By:
Leonard Pickett · License #6501306589
(248) 440-2268
Source:
Rchbrokerage.idxbroker
Added: Jun 30
Changed: Aug 8
Last Checked: Jul 1 at 12:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RCH Brokerage Legacy, Inc.
Investment Insights
Based on property information with market context.
This offering consists of residential land intended for infill development. The package includes the subject lot at 402 E Euclid Street and is bundled with 410, 416, 420, and 426 E Euclid. Per the seller’s terms, the lots are not available for separate sale, and the combined total is five lots totaling 18,390 square feet. Offer submissions must follow the DLBA process described in the attached documents.
The property is located in Detroit’s North End neighborhood. Buyer must submit a proposal that includes construction plans or precedent agriculture images of the proposed development, along with a financing plan supported by a proof of funds and/or a pre-application letter for a new construction loan. The offer process is outlined in the seller-provided requirements.
This land package is best suited for developers prepared to submit a complete new construction proposal through DLBA, including documentation of both the planned development and the financing to support it. Please note DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements otherwise available to the selected purchaser, and DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve any waiver. The payment amount will be determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
The property is located in Detroit’s North End neighborhood. Buyer must submit a proposal that includes construction plans or precedent agriculture images of the proposed development, along with a financing plan supported by a proof of funds and/or a pre-application letter for a new construction loan. The offer process is outlined in the seller-provided requirements.
This land package is best suited for developers prepared to submit a complete new construction proposal through DLBA, including documentation of both the planned development and the financing to support it. Please note DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements otherwise available to the selected purchaser, and DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve any waiver. The payment amount will be determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- 0.09‑acre lot with 33' road frontage on a paved road (33 x 120 dimensions)
- Public sewer and public water available (water at street, Public Sewer)
- Part of a bundled five‑lot package: 410, 416, 420, 426 E Euclid (not sold separately)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Explore this area
Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Bundled five-lot package in Detroit’s North End, designed for infill construction with DLBA development and financing submission requirements.
Where is this residential land & home lot located?
The property is located at 402 E EUCLID Street Detroit, MI.
What is the asking price?
The asking price for this property is $67,500.
What are key features of this property?
This property features: 0.09‑acre lot with 33' road frontage on a paved road (33 x 120 dimensions); Public sewer and public water available (water at street, Public Sewer); Part of a bundled five‑lot package: 410, 416, 420, 426 E Euclid (not sold separately)
