2025 W Euclid Street
Detroit, MI 48206

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Description

Discover a prime development opportunity in the heart of a rapidly growing area. This parcel is ideally zoned R3, making it perfect for your next development project. The Detroit Land Bank is actively seeking proposals for townhomes, duplexes, fourplexes, or multifamily buildings—taking full advantage of the flexible R3 zoning that offers endless possibilities in a community-focused area poised for growth. Don't miss this exceptional opportunity! Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. 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.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48206
• School District: Detroit
• Lot Size: 13504 sq ft lot
• Directions: S. iof
• List Price Acre: 82258.06
• Lot Size Area: 0.31
• Lot Size Square Feet: 13503.6
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W08I002081S
• Street Type: Paved
• Tax Legal Description: S EUCLID 21 THRU 23 AUSTINS SUB L30 P45 PLATS, WCR 8/129 105 X 128