550 Dewey St Eau Claire, WI 54703-3218
- Assisted living facilities
- 125,009 SF
- 5.09 lot acres
Current Use by Public Records
- Lapp Krista / Counselor / Doctor
- Kistner Judith A / Counselor / Doctor
- Prorok Lalita L / Counselor
- Gregory Lynch / Social Worker
- Moe Jennifer J / Counselor
Property Details for 550 Dewey St
- Year built
- 1926
- Lot size
- 5.09 lot acres
- Property size
- 125,009 SF
- Zone code
- R3
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 01-0177- -000
- APU
- 10177000
Description
This exceptional mixed-use property, located at 550 N Dewey St, Eau Claire, WI 54703, presents a unique investment opportunity. The 130,446 square foot building, situated on a 5.09-acre lot overlooking downtown Eau Claire, offers a diverse range of spaces. Originally constructed in 1926 with additions in 1967 and 1991, the property boasts a blend of office space, classrooms, dorm rooms, a gymnasium, cafeteria, commercial kitchen, laundry facilities, conference rooms, and ample storage/maintenance areas. The building has undergone multiple renovations throughout its history. The main structure is fully heated, insulated, and air-conditioned, excluding the gymnasium added in 1991. The property is zoned R-3 and has been owner-occupied since 1967 by Eau Claire Academy, a residential treatment center licensed for 135 residents. Its location in a well-established residential neighborhood provides convenient access to downtown Eau Claire, an area experiencing significant growth over the past five years. The asking price is $1,900,000, translating to $14.57 per square foot. This presents a compelling opportunity for owner-users seeking a versatile and substantial property in a thriving Wisconsin community. The three-story building offers significant potential for various uses given its size and existing infrastructure.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,330,000
- 6.5%
- $1,365,000
- 7%
- $1,390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,605,000
- Geo Method
- $1,270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,625,000
- Retail
- $1,430,000
- Mixed-Use
- $1,290,000
- Hospitality
- $1,680,000
- Educational
- $1,255,000
- Residential Income
- $1,330,000
- Energy
- $1,460,000
- Income-Based Land
- $1,615,000
- Food Service
- $1,715,000
Location Insight
- Map
- Local Demand
- City
- Eau Claire
- County
- Eau Claire
- State
- Wisconsin
- Longitude
- -91.5004
- Latitude
- 44.8202
- CBSA code
- 20740
- CBSA name
- EAU CLAIRE, WI METROPOLITAN STATISTICAL AREA
