$ 475,000
-
$475,000
Price -
12,361
SqFt -
0.28
Acre
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 40542 - 502039689
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 possibities, offering further value-add potential for an investor
Listing Highlights
Interior Details
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Basement: Partially Finished
- Other:
- Water: City Water/Connected
Exterior Details
- Lot Description: Corner Lot
- Garage Capacity: N/A
- Lot Dimensions: 45x40
- Zoning: Business/Commercial
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Unassigned
Financial Details
- Tax Amount: $4,435
- Taxes w/Assessments: N/A
- Tax/Property ID: 141001810
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
138 N Main St Janesville, MN 56048
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
