Active

$1,500,000

2735 Rimrock Road, Fitchburg, WI 53713

--beds

--baths

2.28Acres

Unimproved Land

Built in ----

2.28 Acres Lot

$274,700 Zestimate^®

$--/sqft

$-- HOA

What's special

Calling all investors! 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. Two parcels totaling approx. 2.28 acres. Significant upfront risk mitigated?ready for execution and capital deployment.

1 day

29

1

Facts & features

Property

Lot

Size: 2.28 Acres
Features: 5+ Unit Lot, Sidewalks, Level, Wooded, Can not be divided

Details

Parcel number: 070936393303
Zoning: Res

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected, Electricity Connected, Phone Connected, Cable Connected

Community & HOA

Location

Region: Madison
Municipality: Fitchburg

Financial & listing details

Tax assessed value: $144,400
Annual tax amount: $2,528
Date on market: 2/13/2026
Listing terms: Sell in Entirety
Electric utility on property: Yes

Estimated market value

$274,700

$212,000 - $352,000

$1,251/mo

Price history

Date	Event	Price
2/13/2026	Listed for sale	$1,500,000+200%
Source: WIREX MLS #2016317 Report a problem
11/10/2022	Sold	$500,000-9.1%
Source: WIREX MLS #1892459 Report a problem
9/1/2022	Contingent	$550,000
Source: WIREX MLS #1892459 Report a problem
8/3/2022	Listed for sale	$550,000-7.6%
Source: WIREX MLS #1892459 Report a problem
5/2/2018	Listing removed	$595,000
Source: First Weber Inc #1824507 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,236 -13.3%	$72,200
2023	$1,426 +3.5%	$72,200 +4.9%
2022	$1,378 +2.7%	$68,800

Find assessor info on the county website

BuyAbility℠ payment

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified