Detroit Land Bundle
402 E EUCLID Street, Detroit, MI 48202
- Added:
- Mar 24, 2023
- Days on Market:
- 1156
- Last Refresh:
- May 22 at 4:06 pm
Property Features for 402 E EUCLID Street
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Residential
- Standard status
- Active
- APN
- 01002504.
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- S EUCLID 42 LOWES L8 P26 PLATS, W C R 1/110 33 X 120
Utilities
- Water source
- Public
Listing agent Leonard A Pickett III License #6501306589 (248) 440-2268
Listing office RCH Brokerage Legacy Inc 21411 Civic Center Dr Ste 2200, Southfield, MI (248) 440-2268
Listing date Mar 24, 2023
MLS# 20230018475
Listing URL
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HighLights
- Large infill building opportunity: 5 bundled lots totaling 18,390 sqft in Detroit's North End.
- Suitable for new construction: Requires buyer submission of construction plans or precedent agriculture images.
- Includes multiple addresses: Bundled with 410, 416, 420, 426 E Euclid.
- Financing requirements: Requires Proof of Funds (POF) or Pre‑Approval letter for a new construction loan.
- Public water source available.
- DLBA Tax Capture: Subject to a tax capture for 5 years post‑ownership transfer (waiver possible with payment).
Overview
This property presents an opportunity for infill building in Detroit's North End neighborhood. The sale includes five lots located at 402, 410, 416, 420, and 426 E Euclid, totaling 18,390 square feet, and are not sold separately. The site has a residential zoning. Spanning approximately 0.09 acres, prospective buyers are required to submit a purchase proposal that includes construction plans or precedent agriculture images of the proposed development, along with a financing plan that includes either proof of funds or a pre-approval letter for a new construction loan. Please note that the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following the property ownership transfer. This tax capture might not be compatible 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 to approve such requests. The payment amount will be determined after reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. Please refer to the attached documents for DLBA requirements and offer submission information.
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.073015
- Latitude
- 42.378735
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Five residential lots totaling 18,390 sqft in Detroit's North End.
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: Large infill building opportunity: **5 bundled lots totaling 18,390 sqft in Detroit's North End.**; Suitable for new construction: Requires buyer submission of construction plans or precedent agriculture images.; Includes multiple addresses: Bundled with 410, 416, 420, 426 E Euclid.
