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2125 3rd Street, Eau Claire, WI 54703

Eau Claire
Local realty services provided by:CENTURY 21 Affiliated
2125 3rd Street,Eau Claire, WI 54703
$500,000
  • 1.31 Acres
  • Lots / Land
  • Active
Listed by: elijah vlcek
Office: exp realty llc.
MLS#:1606240
Source:WI_RANWW

Price summary

  • Price:$500,000

About this home

BUY & BUILD | 38-UNIT MULTIFAMILY DEVELOPMENT OPPORTUNITY Rare opportunity to own and develop approximately 1.32 acres in Eau Claire’s growing Cannery District! This vacant parcel comes with a city-approved development plan for a 38-unit apartment community, offering investors and developers a head start on their next project. The proposed development features two apartment buildings with a mix of studio, 1-bedroom, and 2-bedroom units, along with 17 garage parking stalls and 19 surface parking stalls. Located near downtown Eau Claire, the Chippewa River, parks, trails, and ongoing redevelopment, this property is ideally positioned to take advantage of continued investment and demand for housing in the area. Pro Forma Highlights: • 38 planned apartment units • Approximately 1.32 acres • $675,051 projected annual rental income • $452,284 projected annual net operating income • $7,528,070 projected stabilized value at a 6.0% cap rate Whether you're an experienced...

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Home facts

  • Listing ID #:1606240
  • Added:2 day(s) ago
  • Updated:October 28, 2026 at 04:30 PM

Structure and exterior

  • Lot area:1.31 Acres
  • Lot Features:Level

Utilities

  • Water:Public

Finances and disclosures

  • Price:$500,000
  • Tax amount:$5,167 (2025)
SCWMLS information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, provided by seller, listing broker, and other parties, may not have been verified. Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved WI_RANWW Member Broker: William Kessler

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