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.

Property Subtype: Apartment

Style:

Year Built: 1998

County: Eau Claire

School District: Eau Claire Area

Lot: 4.26 Acres

Listing Agency: GRIP Realty LLC

Listing Agent: Mary Proznik

Tax Amount: $63,458 for 2025

Unit Information


Interior Features


Basement:

Partial, Partially Finished

Cooling:

Other, See Remarks, Wall Units, Wall Window Units

Heating:

Hot Water, Other, See Remarks

Fireplaces:

N

Sewer:

Public Sewer

Water:

Public

Exterior and Lot Features


Exterior:

Sprinkler Irrigation

Patio/Deck:

Concrete, Deck, Patio,

Parking:

Yes

$5,300,000

Active


4880 Otteson Lane
Eau Claire, WI 54701

MLS# 1599391 | Listed 85 days ago


0 Bedroom | 0 Bathroom