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Property Description

Looking for a turnkey investment opportunity? Olive Tree Residences presents a shovel-ready multifamily condominium development opportunity in Fitchburg, WI. PDD/SIP zoning approval was granted and recorded September 2025, providing certainty for the approved 20-unit program. Plans call for 2-3 bedroom units (approx. 1,700-2,500 SF) with 2.5-3.5 baths and attached 2-car garages--well positioned for strong absorption in a high-demand market. Significant entitlement, permitting, and due-diligence work has already been completed: all public utility permits (erosion control, stormwater, MMSD, WI DNR), Phase I ESA, geotechnical report, asbestos/mold remediation, and full site demolition/clearing. Engineering is complete; CAD files available. Construction bid interest secured. Recently combined parcels are approx. 2.28 acres. Significant upfront risk mitigated--ready for execution and capital deployment.

Overview

Property Status
For Sale
Lot Size
2.28 Acres
MLS ID
2021347
Property Type
Land

Features & Amenities

Water Source
Public
Utilites
Natural Gas Available, Sewer Available
Lot Features
Corner Lot, Wooded, Level
Elementary School
Call School District
Middle School
Sennett
High School
Lafollette
School District
Madison
Sales Price
$1,500,000
Real Estate Tax
$2,528/yr
Zoning
Single family,PUD

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2735 Rimrock Road

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  • CallRachel Kvasnica

    License #59642-90

    (262) 853-7010
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