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42,736 sqft

$5,300,000

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

Price per sqft$124.02
Built in1998
Property size42,736 sqft
Property typeCondominium

Overview

Under contract

Active Under Contract

Listed Mar 24, 2026

Updated Sep 19

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.

$35,261/mo

Est. mortgage payment based on a $5,300,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$63,458
Tax Frequency
Annually
Maintenance Expense
$30,000
Garage
Yes
Municipality
City of Eau Claire
55+/Senior Community
Yes
MLS provider logo

Listed by Mary Proznik with GRIP Realty LLC Listing Contact: 715-496-8111 

The IDX display contains information sourced from the REALTOR® Association of Northwestern Wisconsin as of 9/19/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 REALTOR® Association of Northwestern Wisconsin all rights reserved.

Data last updated on 9/19/2026 at 3:57 AM UTC

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