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$475,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Original Plat/Janesville Minn
MLS Listing ID 7059604
Year Built 1900
Annual Tax Amount $4,434
Tax Year 2026
Contingent None
Lot Size 0.282 Acres
Lot Dimensions 45x40
Property 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
Location
State MN
County Waseca
Zoning Business/Commercial
Rooms
Basement Partially Finished
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building, Leases
Fireplace No
Exterior
Parking Features Unassigned
Utilities Available Electric Common, Heating Common, Hot Water Common
Present Use Beauty/Barber Shop,Commercial,Professional Service,Residential
Building
Lot Description Corner Lot
Foundation 4383
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Janesville-Waldorf-Pemberton
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Listed by Dylan Maitland • RE/MAX Results
NEARBY SCHOOL & BUSINESS
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