Listed by Rachel Kvasnica • Pinnacle Real Estate Group LLC (Pref: 608-575-6428).
For sale
$1,500,000
Est. $7,972/mo —
Land
•
2.28
acres (lot)
2735 Rimrock Rd, Fitchburg, WI 53713
About this home
Rare shovel-ready development opportunity in Fitchburg! Olive Tree Residences is an approved 20-unit condominium project on approx. 2.28 acres, offering a head start on development with significant entitlement, engineering and site work already complete. Approved plans feature spacious 2?3 bedroom residences, approx. 1,700?2,500 SF, with 2.5?3.5 baths and attached 2-car garages. PDD/SIP zoning approval is recorded, public utility permits are secured, engineering is complete and CAD files are available. Phase I ESA, geotechnical work, remediation, demolition and site clearing are complete. Construction bid interest secured. Bring your builder, investor or development team and move this project toward construction.
Vacant landProperty Type
2.28 acresLot Size
$657,895Price/Acres
Listed by Rachel Kvasnica• Pinnacle Real Estate Group LLC
Listed by Inkwell Realty Team• Pinnacle Real Estate Group LLC
Moorland-Rimrock, located between Rimrock Road and the Beltline (US-12/18), is a residential and commercial Madison neighborhood with mid-century streetscapes and a lakeside edge near Lake Wingra. The neighborhood’s character concentrates around the Rimrock Rd–W Beltline Frontage Rd area, where auto shops, small storefronts, and commuter traffic set a practical, on-the-go tone. UW Health’s University Hospital and Clinics and the UW–Madison Arboretum act as major anchors nearby, shaping daily rhythms with campus energy and long green corridors. Housing trends toward ranches and split-levels with mature trees and generous setbacks. Side streets feed into bike routes and paths that trace wetlands and woodland pockets. The landscape shifts quickly from busy arterials to quiet blocks and open sky near the Arboretum’s trails.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
Level wooded lot with sidewalks
Suitable for 5+ unit development
Cannot be divided
Home design
Vacant land
Zoned residential
Construction
2.28 acre parcel
Utilities
Municipal water
Municipal sewer
Natural gas available
Electricity available
Telephone available
Cable available
Financial info
Land assessment value $144,400
Total taxes $2,528 (2025)
Other
Located in the City of Fitchburg (Madison school district)
Electricity and solar
View estimated energy costs and solar savings for this home