138 N Main Street, Janesville, MN
$475,000
12,361
Square feet
0.28
Acres
About 138 N Main Street
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
Features of 138 N Main Street
| MLS® # | 7059604 |
|---|---|
| Price | $475,000 |
| Square Footage | 12,361 |
| Acres | 0.28 |
| Year Built | 1900 |
| Type | Commercial |
| Status | Active |
| Contingency Type | None |
Community Information
| Address | 138 N Main Street |
|---|---|
| Subdivision | Original Plat/Janesville Minn |
| City | Janesville |
| County | Waseca |
| State | MN |
| Zip Code | 56048 |
Amenities
| Utilities | Electric Common, Heating Common, Hot Water Common |
|---|---|
| Parking | Unassigned |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Partially Finished |
Exterior
| Exterior Features | Stone |
|---|---|
| Lot Description | Corner Lot |
School Information
| District | Janesville-Waldorf-Pemberton |
|---|
Additional Information
| Zoning | Business/Commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $4,435 |
| Tax Year | 2026 |
| Office | RE/MAX Results |
Listing Details
| Office | RE/MAX Results |
|---|