$25,500 for Sale
2025 euclid street, detroit, MI 48206
Property 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 buildingsātaking 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.
General Information
Sale Price: $25,500
Price/SqFt:
Status: Active
MLS#: 20251036332
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: austins sub of pt of 1/4 sec 47plats
Acres: 0.31
Lot Dimensions: 105X128
Size:
Acreage: 0.31 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $0
Legal Description: S EUCLID 21 THRU 23 AUSTINS SUB L30 P45 PLATS, WCR 8/129 105 X 128

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Listing By: Natasha C Richards of Bellabay Realty Tri Counties, Phone: (248) 274-6614