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Listed by RE/MAX Preferred • Rachel@InkwellWI.com
$ 1,500,000
Est. payment /mo
Active
2735 Rimrock Road Fitchburg, WI 53713
2.28 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type 5+ Unit Lot,City,In Condo Plat
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2016317
Annual Tax Amount $2,528
Tax Year 2025
Lot Size 2.280 Acres
Acres 2.28
Property Sub-Type 5+ Unit Lot,City,In Condo Plat
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.
Location
State WI
County Dane
Area Fitchburg - C
Zoning Res
Direction Hwy 18 to MM to Rimrock road.
Building
Lot Description Close to busline, Corner
Schools
Elementary Schools Call School District
Middle Schools Sennett
High Schools Lafollette
School District Madison
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
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved
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