Zina Obaid - 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 wingallowing 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 strategicsituated between two established Continuing Care Retirement Communitiesreinforcing the area’s strong demand and proven senior housing market.

Details

MLS #1599391
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1998
Days On Site154
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:
$382,400
100% of Average
sqft:
42,736
low | high
Med:
2,364
100% of Average
$ / sqft:
$124
low | high
Med:
$162
19.136893340696% of Average
On site:
154
low | high
Med:
52
100% of Average
Sourced by Back At You

Market Activity 54701

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Learn More About This Property

Zina Obaid

Zina Obaid

Coldwell Banker Brenizer

79856-94 (715) 579-4599zinaobaid@gmail.com
StateWI
CountyEau Claire
CityEau Claire
Zip Code54701
Listing VS Median (in 54701)
Price:
$5,300,000
low | high
Med:
$382,400
100% of Average
sqft:
42,736
low | high
Med:
2,364
100% of Average
$ / sqft:
$124
low | high
Med:
$162
19.136893340696% of Average
On site:
154
low | high
Med:
52
100% of Average
Sourced by Back At You
Listing Updated: July 10, 2026 at 1:57:12 PM PDT

Zina Obaid - Coldwell Banker Brenizer