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.
General Information
Sale Price: $67,500
Price/SqFt:
Status: Active
MLS#: rcomi20230018475
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: lowes sub (plats)
Acres: 0.09
Lot Dimensions: 33 x 120
Size:
Acreage: 0.09 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: S EUCLID 42 LOWES L8 P26 PLATS, W C R 1/110 33 X 120
