138 N Main Street, Janesville, Minnesota 56048

MN, Janesville
$475,000
  • Commercial Sale Property Type
  • 1900 Year Built
  • Active Status
See All 32 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
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

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 7059604
  • Price: $475,000
  • Year Built: 1900
  • Listing Status: Active
  • Office Name: RE/MAX Results
Features
  • Heating System Forced Air
  • Cooling System Central Air
  • Basement Partially Finished
  • Parking Unassigned
  • Utilities Heating Common,Electric Common,Hot Water Common
  • Exterior Features Stone
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Waseca
  • City Janesville
  • Zipcode 56048
  • Street: Main
  • Street Number: 138
  • Street Suffix: Street
  • Longitude: W94° 17' 31.3''
  • Latitude: N44° 6' 57.8''
  • Directions: Follow US 14 E to County Rd 3130th St. In Waseca County. Take the County Rd 3 exit from US-14 E. Turn left onto County Rd. 3130th St. Continue to follow County Rd 3. 138 N Main will be on the left, kiddie corner from the bank.
  • Street Dir Prefix: N
Neighborhood
  • High School District: Janesville-Waldorf-Pemberton
MLS Addon
  • Office Name: RE/MAX Results
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Building Size: 12361
  • Current Use: Residential,Commercial,Beauty/Barber Shop,Professional Service
  • Foundation Details: Other
  • Lot Features: Corner Lot
  • Lot Size Dimensions: 45x40
  • Number Of Units Total: 10
Financial
  • Tax Annual Amount: 4434.62
Listing Information
  • List Agent Mls Id: 502039689
  • List Office Mls Id: 40542
  • Modification Timestamp: 2026-09-11T15:54:08Z
  • Originating System Name: NorthStar
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