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    121 Main St North Janesville, MN 56048

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    For Sale
    $399,000

    Newly renovated, fully leased mixed-use property in downtown Janesville.

    Property size:
    5,297 SF

    Property Features for 121 Main St North

    General Information

    Size
    5,297 SF

    Building Details

    Year built
    1989

    Source: Cate DeBates Agent Cate DeBates

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

    Overview

    Renovated Mixed-Use Property, Janesville

    This mixed-use property, located on Main Street in downtown Janesville, Minnesota, has been newly renovated. The property features two new main street frontages added in 2021, including a handicap ramp entrance. The 5,297 square foot property is currently 100% leased. The residential rental history is solid, with both commercial and residential units consistently leased. The commercial suites operate as net leases, with tenants paying base rent plus CAM and operating expenses. The property is located just 10 minutes outside of Mankato along 4-lane Highway 14.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.707356
    Latitude
    44.1157954

    Nearby Similar for Sale

    • $489,900
      0.28 Acres

      Janesville Mixed-Use Investment Opportunity

      Mixed-use property in downtown Janesville with apartments and commercial space.
      138 N Main St, Janesville, MN 56048
      View Details
    • $349,000
      5,297 SF

      Janesville Mixed-Use Investment Opportunity

      Downtown Janesville retail & residential, high occupancy.
      121 Main St, Janesville, MN 56048
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Newly renovated, fully leased mixed-use property in downtown Janesville.
    Where is this mixed-use property located?
    The property is located at 121 Main St North Janesville, MN.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - 100% Leased: Provides immediate income and cash flow; - Newly Renovated Throughout: Offers modern appeal and reduced maintenance costs; - Net Commercial Leases: Tenants cover base rent, CAM, and operating expenses, increasing profitability
    (507) 380-6627
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    121 Main St North Janesville, MN 56048
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    Janesville, MN 56048
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    Realmo Value Estimation

    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.

    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.

    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
    121 Main St North Janesville, MN 56048
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