550 Dewey St Eau Claire, WI 54703-3218

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.