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Mark Gladue

mark@gladuestoppedby.com +1(608) 658-0467

$ 5,300,000

Est. payment | -/mo

42,736 SqFt

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$ 5,300,000

Est. payment | -/mo

Save Virtual Tour

42,736 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 42,736 sqft

Price per Sqft $124

MLS Listing ID 1599391

Year Built 1998

Annual Tax Amount $63,457

Tax Year 2025

Lot Size 4.263 Acres

Acres 4.2627

Property 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.

Location

State WI

County Eau Claire

Zoning Residential-Multifamily

Rooms

Basement Partial, Partially Finished, Poured Concrete

Interior

Interior Features Ceiling Fan(s), Circuit Breakers

Heating Natural Gas

Cooling Wall/Sleeve Air, Other, Hot Water, Wall A/C

Inclusions Included:Ac Wall Unit, Included:Accessibility Features, Included:Ceiling Fans, Included:Dishwasher, Included:Dryer, Included:Equipment-See Remarks, Included:Garage Opener, Included:Oven/Range, Included:Range Hood, Included:Refrigerator, Included:Sprinkler System, Included:Washer

Equipment Seller Owned: Washer, Seller Owned: Dryer, Dishwasher, Dryer, Range/Oven, Range hood, Refrigerator, Washer

Exterior

Exterior Feature Brick, Stucco, Vinyl

Parking Features Opener Included

Building

Dwelling Type Apartment Building

Sewer Municipal Sewer, Municipal Water

New Construction N

Schools

School District Eau Claire

Others

Virtual Tour https://youtu.be/2HPT0tR_VBY

Listed by GRIP Realty LLC

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Mark Gladue

Broker Associate | License ID: 56190-90

+1(608) 658-0467 | mark@gladuestoppedby.com

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

Mark Gladue

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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4880 Otteson Lane #1-36