Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail/Office Space on Busy Corner Title is generated by Realmo AI

    123 N Jackson St, Janesville, WI 53548

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-traffic location suitable for retail, office, or restaurant.

    Type:Office, Retail, Special Purpose
    Property size:
    1,392 SF
    Price / SF:
    $143/SF
    Added:
    Feb 28, 2026
    Days on Market:
    73
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 123 N Jackson St

    General Information

    Standard status
    Active
    Size
    1,392 SF
    Property subtype
    Office, Retail, Special Purpose

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    Lynnette Wirth

    Listing agent Lynnette Wirth License #WI

    Listing office Coldwell Banker The Realty Group

    Listing date Feb 28, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker The Realty Group

    HighLights

    • High‑traffic location at the intersection of Hwy 51 and Jackson St, offering maximum exposure
    • B6 zoning supports a wide range of business types
    • Drive‑thru potential for future growth and increased business opportunities
    • Flexible floor plan allows for two suites or one expanded space
    • Clean, dry basement provides ample storage
    • Opportunity for owner‑occupancy or investment, becoming vacant April 1st, 2026

    Overview

    This commercial property offers an exceptional opportunity for investment or owner occupancy at a busy corner in Janesville, Wisconsin. Located at the intersection of Highway 51 and Jackson Street, the property benefits from strong traffic flow and maximum exposure. The property is currently fully leased on a month-to-month basis and will be vacant April 1st, 2026. The flexible floor plan can accommodate two suites or one expanded space. Each side features multiple rooms, and a clean, dry basement provides additional storage. Zoned B6, the property supports a variety of uses, including retail, office, service, salon, and coffee shop. The property's drive-thru potential offers opportunities for future growth. The property size is 1392 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Molly's Massage & More Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center 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
    -89.0282133
    Latitude
    42.6827021

    Nearby Similar for Sale

    • $539,900

      Historic Janesville Bed & Breakfast

      Landmark property with income potential, near shopping and highways.
      2200 W Memorial Drive, Janesville, WI 53548
      View Details
    • $2,400,000

      Janesville Industrial Building on 3 Acres

      30,000 sq ft industrial building in Janesville, Wisconsin.
      401 E Conde Street, Janesville, WI 53546
      View Details
    • $475,000

      Turnkey Bait Shop Opportunity

      Established bait and ice cream shop near Ice Age Trail.
      815 S Washington Street, Janesville, WI 53548
      View Details
    • $325,000

      Janesville Four-Unit Investment Opportunity

      Four-unit property in Janesville with immediate cash flow.
      808 E Court Street, Janesville, WI 53545
      View Details
    • $698,000
      2,606 SF

      Freestanding Office Building with Drive-Thru

      2,606 SF office building with drive-thru on one acre.
      2636 US Hwy 51 Janesville, WI 53546
      View Details
    • $380,000

      Well-Maintained Duplex in Janesville, WI

      Side-by-side duplex with income potential on West State St.
      1515-1517 W State Street, Janesville, WI 53546
      View Details
    • $289,900

      Janesville Duplex with Updated Features

      Updated duplex near downtown Janesville with separate utilities.
      329 - 331 S Main Street, Janesville, WI 53545
      View Details
    • $399,000

      Established Gas Station with Service

      Thriving gas station with updated features and business potential.
      1533 E Racine Street, Janesville, WI 53545
      View Details
    • $559,000

      Former Assisted Living Facility

      Former 15-bed assisted living facility, potential for various uses.
      1936 N Washington Street, Janesville, WI 54348
      View Details
    • $359,900
      2,920 SF

      Renovated Condo with Modern Comfort

      Fully renovated three-bedroom condo with modern amenities and mechanical updates.
      314 Country View Court, Janesville, WI 53548
      View Details
    • $259,000

      Well-Kept Janesville Triplex

      Fully rented triplex with a central location and detached garage.
      513 Center Avenue, Janesville, WI 53548
      View Details
    • $750,000

      Retro Motel with Business Potential

      Charming 23-unit motel with hot tub and garden.
      3912 N Hackbarth Road, Janesville, WI 53548
      View Details

    FAQs

    What type of property is this?
    Retail space - High-traffic location suitable for retail, office, or restaurant.
    Where is this retail space located?
    The property is located at 123 N Jackson St Janesville, WI.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: High‑traffic location at the intersection of Hwy 51 and Jackson St, offering maximum exposure; B6 zoning supports a wide range of business types; Drive‑thru potential for future growth and increased business opportunities
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lynnette Wirth
    Real Estate License ID: WI
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    123 N Jackson St, Janesville, WI 53548
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!