402 E Euclid Street
Detroit, MI 48202

Tools & Resources:

Description

Great property for infill building located in Detroit's North End neighborhood. This property is bundled with 410, 416, 420, 426 E Euclid. A total of 5 lots. Totaling 18,390 sqft. Not sold separately. Buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF OR Pre- App letter on a new construction loan. BATVIA. Please 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 abatement 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. Please see attached documents for DLBA requirements and offer submission information.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48202
• Subdivision/Neighborhood: Lowes Sub (Plats)
• School District: Detroit
• Lot Size: 3920 sq ft lot
• Directions: TAKE WOODWARD HEADED SOUTH PASS CHICAGO. MAKE LEFT ONTO EUCLID.
• List Price Acre: 750000
• Lot Size Area: 0.09
• Lot Size Square Feet: 3920
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 01002504.
• Road Frontage: 33
• Tax Legal Description: S EUCLID 42 LOWES L8 P26 PLATS, W C R 1/110 33 X 120