Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    215 Milwaukee St Janesville, WI 53548

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $34,200

    High-traffic retail space, endless potential.

    Property size:
    4,206 SF

    Property Features for 215 Milwaukee St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,206 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Lynnette Wirth

    Listing Agency: Coldwell Banker The Realty Group Listing Agent: Lynnette Wirth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 4,206 square foot commercial property, situated at 215 W Milwaukee Street in the vibrant heart of downtown Janesville, Wisconsin, presents a remarkable opportunity for a diverse range of businesses. Located on one of the city's busiest blocks, this property boasts impressive daily traffic counts exceeding 5,000 vehicles, ensuring high visibility and accessibility for your enterprise. Currently configured as a retail boutique, the space offers immense flexibility and adaptability to suit various business models, including retail, fitness centers, service-based businesses, or restaurants. The 4,206 square feet encompasses two restrooms, a dedicated storage area, a utility room, and a sizable basement, providing ample space for operations and storage needs. The property sits on a 0.13-acre lot. Utilities are efficiently managed with tenants responsible for gas and electric costs, while water and sewer are covered by the landlord. This prime location, coupled with its versatile layout and convenient amenities, makes it an ideal investment for entrepreneurs seeking a thriving downtown presence. The asking price for this exceptional property is $342,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    ROCK
    State
    Wisconsin
    Longitude
    -89.02627
    Latitude
    42.68142

    Nearby Similar for Sale

    • $2,400,000
      30,000 SF

      Janesville Industrial Building on 3 Acres

      30,000 sq ft industrial building in Janesville, Wisconsin.
      401 E Conde St, Janesville, WI 53546
      View Details
    • New
      $549,900
      1.29 Acres

      Historic Janesville Bed & Breakfast

      Landmark property with income potential, near shopping and highways.
      2200 W Memorial Dr, Janesville, WI 53548
      View Details
    • $76,800

      Retail Building at Auction

      Retail property to be sold at auction March 28, 2026.
      974 S Jackson St, Janesville, WI 53545
      View Details
    • $400,000
      0.37 Acres

      Janesville Duplex with Income Potential

      Well-maintained duplex with updated interiors, ideal for investment.
      1515-1517 W State St, Janesville, WI 53546
      View Details
    • New
      $199,900

      Janesville Corner Commercial Opportunity

      High-exposure commercial property in Janesville with flexible B6 zoning.
      123 N Jackson St, Janesville, WI 53548
      View Details
    • $264,900
      0.24 Acres

      Well-Maintained Duplex in Janesville, WI

      Side-by-side duplex with strong rental history and income potential.
      185-187 Brakefield Dr, Janesville, WI 53546
      View Details
    • $264,900
      0.27 Acres

      Well-Maintained Duplex in Janesville, WI

      Side-by-side duplex with a center car garage in Janesville.
      2415-2419 Mt.zion Ave, Janesville, WI 53545
      View Details
    • $395,000

      Freestanding Building on West Court

      Versatile 2,161 SF building on high-visibility corner.
      2100 W Court St, Janesville, WI 53545
      View Details
    • $6,295,000

      Modern Industrial Building in Janesville

      60,239 SF Class A industrial building for sale.
      4245 Capital Cir, Janesville, WI 53546
      View Details
    • $1,275,000
      15,795 SF

      Industrial Property with Lease Income

      Industrial property featuring lease income, office space, and ample parking.
      2104 Beloit Ave, Janesville, WI 53546
      View Details
    • $5,525,000
      75,177 SF

      Industrial Portfolio For Sale

      Portfolio of industrial properties occupied by a single tenant.
      2042 Beloit Ave, Janesville, WI 53546
      View Details
    • $1,100,000
      5 SF

      Free-Standing Restaurant in Janesville, WI

      Free-standing restaurant in Janesville's Midlands business park near I-90/39.
      632 Midland Rd, Janesville, WI 53546
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-traffic retail space, endless potential.
    Where is this commercial real estate located?
    The property is located at 215 Milwaukee St Janesville, WI.
    What is the asking price?
    The asking price for this property is $34,200.
    (608) 290-9707
    Request Owner's contact information
    215 Milwaukee St Janesville, WI 53548
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 Milwaukee St
    Janesville, WI 53548
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 Milwaukee St Janesville, WI 53548
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lynnette Wirth
    Real Estate License ID: 475208209
    (608) 290-9707 (608) 741-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!