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

$5,300,000


Bed


Bath


42,736

Sq Ft


Multi-Family

Active

Listed by

Mary Proznik

Grip Realty LLC.

Last updated:

May 24, 2026, 03:07 PM

MLS#

1599391

Source:

WI RANWW

About This Home

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.

Home Facts

Multi-Family

Built in 1998

Price Summary

5,300,000

$124 per Sq. Ft.

MLS #:

1599391

Last Updated:

May 24, 2026, 03:07 PM

Added:

2 month(s) ago


Rooms & Interior

Interior

Living Area:

42,736 Sq. Ft.


Structure

Structure

Building Area:

54,832 Sq. Ft.

Year Built:

1998


Lot

Lot Size (Sq. Ft):

185,683


Finances & Disclosures

Finances

Price:

$5,300,000

Price per Sq. Ft:

$124 per Sq. Ft.

Source:WI RANWW
SCWMLS information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, provided by seller, listing broker, and other parties, may not have been verified. Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.