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Listed price in listed location currency (USD).
$5,300,000

000

MLS® 1599391

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 42736 sqft
Garage Yes
Maintenance Fees $30,000
Taxes $63,458
Days Active 1
Approx. Age 1998
Avg. Price Per Sqft $124
MLS® Number 1599391

Property Address: apt-136-4880 Otteson Ln, Eau Claire, WI, 54701-5203

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number1599391
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1998
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 24, 2026List Date
$5,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
4880 Otteson Ln, Eau Claire, WI

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