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4880 Otteson Lane unit: 1-36
Eau Claire WI 54701 US

$5,300,000

Active Listing ID 1599391
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Lot: 4.26 Acres
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Apartment

$5,300,000

Active Listing ID 1599391
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4880 Otteson Lane unit: 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.

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Property Features

  • Facts
  • Lot Size: 4.26 Acres
  • Property Type: Residential
  • Property Sub-type: Apartment
  • Features
  • Cooling System: Window Unit(s), Wall Unit(s)
  • Exterior Finish: SprinklerIrrigation
  • Heating Fuels: Hot Water(Heating)
  • Additional Features
  • Patio

Property

  • propertytype: Residential
  • propertysubtype: Apartment
  • listprice: 5300000
  • unparsedaddress: 4880 Otteson Lane unit: 1-36
  • postalcity: Eau Claire
  • stateorprovince: WI
  • country: US
  • postalcode: 54701
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 4.2627
  • lotsizeunits: Acres
  • lotsizearea: 4.2627
  • livingarea: 42736
  • livingareaunits: Square Feet
  • latitude: 44.788768
  • longitude: -91.435229
  • listagentfullname: Mary Proznik
  • listagentemail: maryproznik7@hotmail.com
  • listagentkey: 3yd-RANWWI-PROZ0208
  • listagentmlsid: PROZ0208
  • listagentpreferredphone: 8155034597
  • listagentofficephone: 8155034597
  • listofficekey: 3yd-RANWWI-70384
  • listagentstatelicense: 88914-94
  • listofficemlsid: 70384
  • disclaimer: Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RANWWI
  • yearbuilt: 1998
  • listingcontractdate: 2026-03-24
  • countyorparish: Eau Claire
  • parcelnumber: 1822122709264309012
  • elementaryschooldistrict: Eau Claire Area
  • middleorjuniorschooldistrict: Eau Claire Area
  • highschooldistrict: Eau Claire Area
  • appliances: Dryer, Dishwasher, ElectricWaterHeater, Oven, Range, Refrigerator, RangeHood, Washer
  • cooling: Window Unit(s), Wall Unit(s)
  • constructionmaterials: Brick, Stucco, VinylSiding
  • heating: Hot Water(Heating)
  • numberofunitstotal: 37
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Open, Driveway
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: CeilingFans
  • exteriorfeatures: SprinklerIrrigation
  • rooms: Basement
  • patioandporchfeatures: Patio, Deck
  • accessibilityfeatures: Accessible Elevator Installed, Accessible Approach with Ramp
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -91.43523, 44.78877
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Boomerang Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"maryproznik7@hotmail.com", "ListBrokerageCity":null, "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Boomerang Real Estate", "ListBrokeragePhone":"715-225-1923", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":null, "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"2620 Fairway Dr ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"70384", "ListOfficeCity":"Altoona", "ListOfficeCountry":"USA", "ListOfficeEmail":"jason@gripdevelopment.com", "ListOfficePostalCode":"54720", "ListOfficeStateOrProvince":"WI", "ListPriceCurrencyType":"USD", "ListingTitle":"APARTMENT - Eau Claire, WI", "ListingURL":null, "MLSModificationTimestamp":"2026-03-25 17:19:13", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":63458, "TaxDescription":"LOT 1 CSM 722536 REC V 7 P 234 BEING PRT SW SE 26-27-9. Seller is a licensed WI Broker. 3rd party measurements required to verify accuracy.", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/25/2026 5:54:09 PM GMT
Source Updated Date: 3/29/2026 7:08:19 AM GMT

Courtesy of: Mary Proznik, GRIP Realty LLC, maryproznik7@hotmail.com

Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.