138 N Main St - Storefront Retail/Residential FOR SALE


Janesville, MN 56048
$489,900 USD
612-423-1841
138 N Main St, Janesville, MN for Sale
$489,900 USD
Storefront Retail/Residential - FOR SALE
1/54
null | Request Cap Rate

138 N Main St
Janesville, MN 56048


OVERVIEW

Strong mixed-use investment opportunity in the heart of downtown Janesville. This iconic 1900s building offers a stabilized asset with improved tenancy, renovated apartment units, and a long-term State Farm commercial tenant in place. The property includes 7 apartment units and 3 commercial suites. Major capital improvements and deferred maintenance items have already been addressed, including more than $70,000 in RTU upgrades, creating a near-turnkey investment opportunity with reduced near-term capital needs. The property currently generates $6,324 per month in rental income, with additional upside through two vacant office suites. The lower level provides 2,500+ sq. ft. of additional space for storage, future tenant use, or other income-producing possibilities, offering further value-add potential for an investor

FOR SALE DETAILS

PRICE

$489,900 USD

PRICE/SF

$56 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

State Farm Insurance

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

Commercial & Multi-Family

APN/PARCEL ID

14.100.1810

ASK ABOUT THIS PROPERTY

Dylan MaitlandRe/max ResultsMore Info
612-423-1841

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Dylan MaitlandRe/max ResultsMore Info
612-423-1841

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.