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Listed price in listed location currency (USD).
$489,900

000

MLS® 7059604

  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage 
Taxes $4,435
Days Active 17
Lot Size 
Approx. Age 1900
MLS® Number 7059604

Property Address: 138 N Main St, Janesville, MN, 56048-9537

Average square foot calculated using Size range provided by listing agent.

Description

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
MLS® Number7059604
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementPartially Finished
DrivewayUnassigned
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 22, 2026List Date
$489,900List Price
  • Commute

Commute

Starting Address
Destination Address
138 N Main St, Janesville, MN

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