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Eau Claire, WI Condo for Sale

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    $5,300,000

    • 42,736 Sq Ft

    4880 Otteson Ln Unit 1-36, Eau Claire, WI 54701

    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

    Mary Proznik GRIP Realty LLC

    4880 Otteson Ln Unit 1-36, Eau Claire, WI 54701

Why Live in Eau Claire

Eau Claire's downtown buzzes with activity around Phoenix Park, where the Downtown Farmers Market and riverside concerts bring the community together along the Chippewa River State Trail. The Pablo Center at the Confluence serves as a cultural cornerstone, hosting performing arts events with stunning river views. Outdoor recreation flourishes across 30 parks, including Carson Park's Wisconsin Logging Museum and Mount Simon Park's scenic overlooks. The city's dining scene features farm-to-table cuisine at The Lakely, classic Wisconsin supper club experiences at Wissota High Shores, and innovative brewpubs like The Brewing Projekt.

The housing market presents diverse options across distinct neighborhoods. Single-family homes constitute the primary housing type, with the Third Ward commanding the highest prices at a $360,000 median. More affordable single-family options exist in West Riverside, where the median price sits at $186,000. Condominiums provide entry-level opportunities, with one-bedroom units showing a $155,000 median price and two-bedroom units at $220,000. Townhomes present a middle ground at $258,800.

Living costs in Eau Claire run slightly below national averages, sitting 0.9% lower overall. A family with school-age children requires approximately $104,000 annually to live comfortably, while renters need about $61,000. The property tax rate stands at 1.43%, comparable to neighboring Altoona but higher than Chippewa Falls at 1.16%. The public education system includes Memorial High School, which earned an A rating from Niche. The University of Wisconsin-Eau Claire adds to the educational landscape while serving as a major employer alongside Mayo Clinic Health System and Menards headquarters.

Condo Prices in Eau Claire, WI

Condo Price Trends

Median Condo Price
$289,900
Median 2-Bedroom Condo Price
$275,000
Median 3-Bedroom Condo Price
$397,750
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