Renovated Downtown Office
123 N Jackson Street Janesville, WI 53548
New
123 N Jackson Street, Janesville, WI, 53548
$329,000
For Sale
$329,000
COMMERCIAL - Janesville, WI
Property Size1,968 SF
Lot Size0.10 Acres
Price / SF$167.17
Days on Market2
Property Features for 123 N Jackson Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B6
- Standard status
- Active
- APN
- 2410136100202
- Size
- 1,968 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1704
Building Details
- Year built
- 1974
- Number of units
- 2
- Roof type
- Shingle
Listing Agency
Keller Williams Realty Signature
(815) 315-1111
4201 Galleria Dr, Loves Park, WI
Listed by
Brittney Rossato · License #475193315
(815) 975-1127
Added: Jul 20 Checked: Jul 21 at 3:06 am
MLS# 2028434
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated commercial property offers flexible office space with two separate, spacious suites. The shared hallway is designed for client and staff convenience and includes two exits and two fully renovated restrooms. One suite also provides exclusive access to the basement, adding additional usable space for storage, records, inventory, or expanded workspace.
Recent improvements include new double-hung windows, siding, soffit, fascia, and gutters, along with new engineered wood flooring and fresh paint throughout the property.
The building is located in downtown Janesville and benefits from strong street presence and convenient access for day-to-day business operations.
Recent improvements include new double-hung windows, siding, soffit, fascia, and gutters, along with new engineered wood flooring and fresh paint throughout the property.
The building is located in downtown Janesville and benefits from strong street presence and convenient access for day-to-day business operations.
Key Highlights
- 1974‑built commercial property with roof type: shingle
- Two separate spacious office suites with flexible layouts for professional and service‑based businesses
- Shared hallway includes two fully renovated restrooms and two exits
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $22.20 |
| − Vacancy | −$9.2k | −$4.66 |
| EGI | $34.5k | $17.54 |
| − OpEx | −$8.6k | −$4.38 |
| NOI | $25.9k | $13.15 |
1,968 SF · lease $22.20/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$369.8K
$323.6K – $431.4K
NOI $25,886 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$472.9K
$413.8K – $551.8K
NOI $33,105 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Molly's Massage & More
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two renovated office suites with new finishes, shared restrooms, and updated building exterior details.
Where is this office units located?
The property is located at 123 N Jackson Street Janesville, WI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 1974‑built commercial property with roof type: shingle; Two separate spacious office suites with flexible layouts for professional and service‑based businesses; Shared hallway includes two fully renovated restrooms and two exits
