4880 Otteson Lane #1-36, Eau Claire, WI 54701

Eau Claire
Local realty services provided by:Better Homes and Gardens Real Estate Special Properties
Listed by: mary proznik
Office: grip realty llc.
MLS#:1599391
Source:Metro MLS
4880 Otteson Lane #1-36,Eau Claire, WI 54701
$5,300,000
  • - Beds
  • - Baths
  • 42,736 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$5,300,000
  • Price per sq. ft.:$124.02

About this home

Introducing a rare and highly versatile investment opportunity on Eau Claire?s desirable southside. This 36-unit independent living community offers immediate income potential with significant upside for future expansion and repositioning. Purposefully designed as a 55+ independent living property, this asset presents a unique opportunity for investors or operators to evolve the property into a full-service Continuing Care Retirement Community (CCRC). With the ability to incorporate assisted living, memory care, or layered home health services, the possibilities for increased revenue streams and long-term value creation are substantial. The property was thoughtfully constructed to accommodate a future two-story expansion, with excess land available for an additional wing?allowing a seamless scale-up of operations without compromising the existing structure. Nestled in a private, wooded setting, the site offers a peaceful and highly sought-after environment for residents, while still...

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Home facts

  • Year built:1998
  • Listing ID #:1599391
  • Added:4 day(s) ago
  • Updated:March 29, 2026 at 03:10 PM

Rooms and interior

  • Kitchen Description:Dishwasher, Range hood, Range/Oven, Refrigerator
  • Basement Description:Partial, Partially Finished
  • Living area:42,736 sq. ft.

Heating and cooling

  • Cooling:Wall A/C, Wall/Sleeve Air
  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Year built:1998
  • Building area:42,736 sq. ft.
  • Lot area:4.26 Acres
  • Construction Materials:Brick, Stucco, Vinyl
  • Exterior Features:Deck, Irrigation system, Patio
  • Foundation Description:Poured Concrete

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$5,300,000
  • Price per sq. ft.:$124.02
  • Tax amount:$63,457 (2025)

Features and amenities

  • Appliances:Dishwasher, Refrigerator, Seller Owned: Washer, Washer
  • Laundry features:Dryer, Seller Owned: Dryer, Washer
  • Amenities:Ceiling Fan(s), Circuit Breakers

Parking

  • Parking description:Garage Opener Included
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