Essex Realty Group, Inc. is pleased to present the exclusive offering of 7720 N. Eastlake Terrace (The Subject Property). 7720 Eastlake Terrace presents a prospective buyer with the rare opportunity to acquire a vacant lot situated directly across from Rogers Avenue Beach with unobstructed views of Lake Michigan.
Measuring 40’ x 132’ feet with a total lot size of 5,280 SF, the lot is currently used as a parking lot with 26 rented spots with a scheduled income of $29,400 annually.
A prospective buyer could take advantage of the RT-4 and build a 4 story condominium building with unobstructed views of Lake Michigan. An example of a potential development is outlined in the package.