Buy landat 45 E EUCLID, Detroit, MI 48202

This property is bundled with 51,57,63,71,77,83 E Euclid. A total of 7 lots. Not sold separately. A Detroit development opportunity - The Detroit Land Bank Authority, in partnership with the City of Detroit, is seeking a qualified development team to design and construct a new residential, affordable and/or mixed-income housing development. Housing designs should comport well with aesthetics of the neighborhood and surrounding area. All proposals are due by December 23, 2022. Please note that the Detroit Land Bank Authority 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. BATVAI