456 E EUCLID Street Detroit, MI 48202

This vacant lot is located in the North End neighborhood, offering convenient access to expressways and Downtown Detroit. The property is part of a bundle that includes 456 E Euclid, 448 E Euclid, and 444 E Euclid, and must be sold together. The listing price for the bundle is 3,000. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development, with the aim of increasing housing supply and restoring the urban fabric, density, and walkability of the area. Interested buyers are encouraged to 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 following the transfer of ownership. 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 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.