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$5,300,000

  • For Sale
  • Active
  • Apartment
  • 42,736 Sq. Ft.
  • Updated 10 days ago
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4880 Otteson Lane #1-36, Eau Claire, WIVideo Tour of 4880 Otteson Lane #1-36, Eau Claire, WI.
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.

Full Property Details for 4880 Otteson Ln #1-36

General

  • Price: $5,300,000
  • Taxes: $63,457 (2025)
  • Status: Active
  • Type: Apartment
  • Source: Wirex_Realtors_Association_of_North_Western_Wisconsin_NWW
  • MLS ID: 1599391
  • Updated: 3/24/2026
  • Added to Site: 10 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Circuit Breakers
  • Appliances: Seller Owned: Washer, Seller Owned: Dryer, Dishwasher, Dryer, Range/Oven, Range Hood, Refrigerator, Washer

Exterior

  • Exterior Features: Deck, Patio, Irrigation System

Parking

  • Garage Description: Opener Included

Location

  • Municipality: Eau Claire
  • County: Eau Claire
  • Driving Directions: Gateway Dr. to Otteson Lane

School Information

  • School District: Eau Claire

Heating & Cooling

  • Heating Fuel: Natural Gas
  • Heating/Cooling: Wall/Sleeve Air Conditioning, Other, Hot Water, Wall Air Conditioning

Utilities

  • Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

  • Description/Design: Apartment Building
  • Exterior Const.: Brick, Stucco, Vinyl
  • Basement Desc.: Partial, Partially Finished, Poured Concrete
  • Square Feet: 42,736
  • Square Feet Range: 5001 or More
  • Year Built: 1998

Unit Information

  • Units in Building: 8

Unit 1

  • Square Feet: 580
  • Bedrooms: 1

Unit 2

  • Square Feet: 840
  • Bedrooms: 1

Unit 3

  • Bedrooms: 2

Unit 4

  • Bedrooms: 2

Unit 5

  • Includes/Amenities: Dishwasher, Range/Oven, Refrigerator
  • Half Baths: 1

Unit 6

  • Includes/Amenities: Dishwasher, Range/oven, Refrigerator

Unit 7

  • Full Bathrooms: 1

Unit 8

  • Full Bathrooms: 1

Lot Features

  • Lot Size (Acres): 4.2627
  • Lot Size Range: Between 1 and 5 Acres
  • Lot Dimensions: 727 x 1254 x
  • Zoning: Residential-Multifamily

Water Features

  • Water Front Desc.: Common Frontage

Financial Considerations

  • Tax Amount: $63,457.88
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: Excluded:Sellers Personal, Excluded:Tenants Personal
  • 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

Listed by GRIP Realty LLC

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— 4880 Otteson Ln #1-36 —

  • GRIP Realty LLC

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Schools serving 4880 Otteson Ln #1-36

School District:Eau Claire Area School District
NameGradesDistance
Robbins Elementary School
3832 East Hamilton Avenue, Eau Claire, WI 54701
K-50.7 mi
South Middle School
2115 Mitscher Avenue, Eau Claire, WI 54701
6-81.8 mi
Memorial High School
2220 Fairfax Street, Eau Claire, WI 54701
9-121.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4880 Otteson Ln #1-36 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/24/2026
Listed
$5,300,000
16462.5%
MLS
10/30/2019
Sold
$32,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4880 Otteson Ln #1-36

Year
Property Taxes
Change
Tax Assessment
Change
2023
$56,774
100%
$3,100,000
—
2022
100%
$3,100,000
—
2021
100%
$3,100,000
6%
2020
—
$2,933,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by GRIP Realty LLC

4880 Otteson Lane #1-36, Eau Claire, WI 54701 (MLS# 1599391) is a Apartment property with 0 bedrooms and 0 full bathrooms. 4880 Otteson Lane #1-36 is currently listed for $5,300,000 and was received on March 24, 2026. Want to learn more about 4880 Otteson Lane #1-36? Do you have questions about finding other Apartment real estate for sale in Eau Claire? You can browse all Eau Claire real estate or contact a Coldwell Banker agent to request more information.

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