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138 N Main Street
Janesville, MN 56048

$489,900

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Listing Details

$489,900
MLS# 7059604
Type Commercial - Business
Status Active

0.282 acres
Lot Size
1900
Year Built
Janesville-Waldorf-Pemberton
Local Schools

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Listed By

Agency Name: RE/MAX Results
Agency Phone: 763-235-7000

Shown By

Agency Title: Town & Country Realty - Commercial Division
Agency Phone: 701-239-2250

Home Value Estimate

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...read more

Features

Cooling: Central Air
Heating: Forced Air
Taxes: $4,434
Water: City Water/Connected
Year Built: 1900

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