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4880 Otteson Lane Eau Claire, WI

$5,300,000 | MLS #1599391

4880 Otteson Lane ,  Eau Claire,  WI
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Property Description:

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.

Includes:

Dryer, Dishwasher, ElectricWaterHeater, Oven, Range, Refrigerator, RangeHood, SeeRemarks, Washer

Excludes:

Sellers Personal, Tenants Personal

Directions:

Gateway Dr. to Otteson Lane

LISTING OFFICE:

Grip Realty Llc

Property Details

County

Eau Claire

School District

Eau Claire Area

Above Grade

39,861 sq. ft.

Below Grade

2,875 sq. ft.

Year Built

1998

Age

28 yrs old

Style

Apartment

Property Type

ResidentialIncome

Lot Size

727 x 1254 x

Acreage

4.263 acres

Property Taxes

$63,457.88

Tax Year

2025

Features

Basement

Partial,PartiallyFinished

Cooling

Other, SeeRemarks, WallUnits, WallWindowUnits

Electric

CircuitBreakers

Exterior

Brick, Stucco, VinylSiding

Exterior Features

SprinklerIrrigation

Heating

HotWater, Other, SeeRemarks

Interior Features

CeilingFans

Patio/Deck

Concrete, Deck, Patio

Sewer

PublicSewer

Water

Public

Zoning

Residential-Multifamily

DAVID DONNELLAN, CCIM

Principal, Commercial Advisor

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NW WI MLS The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the NW WI MLS. Real estate listings held by brokerage firms other than Donnellan Real Estate are marked with the NW WI MLS icon. The information, provided by seller, listing broker and other parties, may not have been verified.

DISCLAIMER: This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is updated every business day. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
This data is current as of: Sunday, October 25th, 2026
Copyright © 2026 Northwestern Wisconsin MLS Corporation. All rights reserved.

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