$475,000

138 N Main Street, Janesville MN, 56048

Price per sqft$38.43

Built in1900

Property size12,361 sqft

Property typeCommercial

Courtesy of RE/MAX Results, Dylan A Maitland Listing Contact:

Overview

Active

Listed Apr 21, 2026

Updated 4 weeks ago

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

Other Property Details

Taxes: $4,435
Tax Frequency: Annually

Listings courtesy of Northstar MLS as distributed by MLS GRID

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