Nicky Neitzel - Coldwell Banker Brenizer Logo
$5,300,000
 $28,452 est/mo Sourced by Back At You

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

Eau Claire, WI 54701

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Description

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 being conveniently located on Eau Claire's southside. Its positioning is especially strategic-situated between two established Continuing Care Retirement Communities-reinforcing the area's strong demand and proven senior housing market.

Details

MLS #1599391
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive Under Contract
Year1998
Days On Site202
Listing Provided ByGRIP Realty LLC | Mary Proznik

Features

SQ Feet42,736
BasementY
Units37
ZoningResidential-Multifamily
Acreage4.26

Parking

Parking FeaturesAsphalt, Driveway, Garage Door Opener

Taxes

Tax Annual Amount63457.88

Area Information

StateWI
CountyEau Claire
CityEau Claire
Zip Code54701
Listing VS Median (in 54701)
Price:
$5,300,000
low | high
Med:
$399,900
100% of Average
sqft:
42,736
low | high
Med:
2,436
100% of Average
$ / sqft:
$124
low | high
Med:
$164
17.629222046658% of Average
On site:
202
low | high
Med:
79
100% of Average
Sourced by Back At You

Market Activity 54701

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Learn More About This Property

Nicky Neitzel

Nicky Neitzel

Coldwell Banker Brenizer

93260-94 (715) 497-0624nicky@nickyneitzel.com
StateWI
CountyEau Claire
CityEau Claire
Zip Code54701
Listing VS Median (in 54701)
Price:
$5,300,000
low | high
Med:
$399,900
100% of Average
sqft:
42,736
low | high
Med:
2,436
100% of Average
$ / sqft:
$124
low | high
Med:
$164
17.629222046658% of Average
On site:
202
low | high
Med:
79
100% of Average
Sourced by Back At You
Listing Updated: September 18, 2026 at 2:06:13 PM PDT

Nicky Neitzel - Coldwell Banker Brenizer