4880 Otteson Lane 1-36, Eau Claire, WI
$5,300,000
42,736
Square feet
4.26
Acres
About 4880 Otteson Lane 1-36
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.
Features of 4880 Otteson Lane 1-36
| MLS® # | 1599391 |
|---|---|
| Price | $5,300,000 |
| Square Footage | 42,736 |
| Acres | 4.26 |
| Year Built | 1998 |
| Type | Single Family |
| Sub-Type | Apartment Building |
| Status | Pending |
Community Information
| Address | 4880 Otteson Lane 1-36 |
|---|---|
| City | Eau Claire |
| County | Eau Claire |
| State | WI |
| Zip Code | 54701 |
Amenities
| Parking | Asphalt, Driveway, Garage Door Opener |
|---|---|
| Garages | Garage Door Opener |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood, See Remarks, Washer |
| Heating | Hot Water, Other, See Remarks |
| Cooling | Other, See Remarks, Wall Unit(s), Wall/Window Unit(s) |
| Fireplace | No |
| Basement | Partial, Partially Finished |
Exterior
| Exterior Features | Sprinkler/Irrigation |
|---|---|
| Construction | Brick, Stucco, Vinyl Siding |
| Foundation | Poured |
School Information
| District | Eau Claire Area |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $63,458 |
| Tax Year | 2025 |
| Agent | Mary Proznik |
| Office | GRIP Realty LLC |
Listing Details
| Office | GRIP Realty LLC |
|---|---|
| Contact Info | 715-496-8111 |