Description
DLBA-owned vacant land offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. This offering includes multiple residential parcels on E Euclid St in Detroit's North End / Milwaukee Junction area and must be sold together (627, 629, 637, 643 & 655 E Euclid) for $90,000 Each lot measures approximately 30' x 120' and presents an excellent opportunity for new construction infill development consistent with neighborhood revitalization goals. The block contains a mix of occupied homes, renovations, and new construction activity supporting long-term residential demand. Conveniently located east of Woodward Ave and north of E Grand Blvd with quick access to Midtown, New Center, Downtown Detroit, Henry Ford Hospital, major employment centers, public transit, parks, and neighborhood amenities. Buyer must submit a complete DLBA proposal package including: project description with intended use and construction timeline, proof of funds (bank statement or lender letter), site plan or concept drawing, and documentation of prior similar projects (addresses and photos). Sale is contingent upon execution of a DLBA Development Agreement and compliance with all City of Detroit permitting and approval requirements. Property sold as-is. DLBA retains the right to tax recapture for five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests are reviewed case-by-case and may require payment in lieu of taxes subject to DLBA review of project financing and development pro forma. Buyers are encouraged to review applicable Neighborhood Framework Plans published by the City of Detroit Planning and Development Department (PDD). Contact listing broker for application link and submission instructions. Ideal opportunity for builders, developers, and investors seeking residential development in a central Detroit growth corridor.
Details
| MLS # | 60973342 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 213 |
| Listing Provided By | Atlas Properties Inc | Adam Hage |
Features
| Zoning | Residential |
|---|---|
| Acreage | 0.08 |
Other
| List Aor | Real Comp |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48202 |
| Area | Detroit (82001) |
| Community Name | Lowes Sub |
| Listing VS Median (in Lowes Sub) | |
Price: $15,000 low | high Med: $250,000 On site: 213 low | high Med: 119 | |
Market Activity 48202
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48202 |
| Area | Detroit (82001) |
| Community Name | Lowes Sub |
| Listing VS Median (in Lowes Sub) | |
Price: $15,000 low | high Med: $250,000 On site: 213 low | high Med: 119 | |
