2025 W Euclid St, Detroit, MI 48206 2400

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.