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Entitled Senior Housing Development Site

7300 Spring St, Mount Pleasant, WI 53406

For Sale
$4,000,000

Approved plans support an independent living, assisted living, and memory care community, with zoning, permits, and construction documents complete.

Property SizeContact for details
Days on Market28

Property Features for 7300 Spring St

General Information

Standard status Active
Property subtype Seniors Housing

Amenities

Fully Entitled 8.434 Acres of Seniors Housing
High-Growth Corridor
Pre-Approved for 222 Units of Seniors Housing
Listed By: Ray Giannini · License MN RA-20086383, IL #475147912
Source: Marcusmillichap
Added: Oct 14 Changed: Nov 6 Last Checked: Nov 8 at 2:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ray Giannini

Rey
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Investment Insights

Based on property information with market context.

The offering comprises a 5.594-acre parcel approved for a 222-unit senior living community, with independent living, assisted living, and memory care components. Zoning, permits, and construction documents are complete for the proposed development. An adjacent 2.840-acre commercial parcel is also included.

The site is located at 7300 Spring St in Mount Pleasant, Wisconsin.

Key Highlights

  • Approved 222‑unit community with independent living, assisted living, and memory care
  • 5.594‑acre development parcel plus an adjacent 2.840‑acre commercial parcel
  • Zoning, permits, and construction documents are complete

Property Analytics

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Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Dental Office Law Firm Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

164
Businesses Nearby

Demographics for 53406, WI

27,078
Population
11,634
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
93%
High-School Grad
16.4 sq mi
ZIP Area
1,651
Density / Sq Mi
$78,427
Median Household Income
$46,745
Median Earnings
$990
Median Rent
$262,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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Frequently Asked Questions

What type of property is this?
Commercial land - Approved plans support an independent living, assisted living, and memory care community, with zoning, permits, and construction documents complete.
Where is this commercial land located?
The property is located at 7300 Spring St Mount Pleasant, WI.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Approved 222‑unit community with independent living, assisted living, and memory care; 5.594‑acre development parcel plus an adjacent 2.840‑acre commercial parcel; Zoning, permits, and construction documents are complete
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