Freestanding Office Building with
2636 US Hwy 51 Janesville, WI 53546
2636 US Hwy 51, Janesville, WI, 53546
$698,000
For Sale
$698,000
2,606 SF office building with drive-thru on one acre.
Property Size2,606 SF
Lot Size1.00 Acre
Price / SF$267.84
Days on Market106
Property Features for 2636 US Hwy 51
General Information
- Standard status
- Active
- Size
- 2,606 SF
- Lot size
- 1.00 Acre
- Property subtype
- Office
Building Details
- Year Built
- 1990
Listing agency
Coldwell Banker Commercial McGuire Mears & Associates
(608) 314-8257
Listed by
Adam Shultz · License #5938590
(608) 314-8257
Source
Cbcworldwide
Added: Apr 7 Updated: Jul 10 at 3:54PM Checked: Jul 13 at 2:09AM
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 Commercial McGuire Mears & Associates
Investment Insights
Based on property information with market context.
This is a professional freestanding office building for sale in Janesville, WI. The 2,606 SF building features existing multi-lane drive-thru infrastructure. Formerly a bank branch, it is a plug-and-play option for office users, fast-casual dining, or service-based retail. Situated on a full acre, the property boasts an expansive parking-to-building ratio, ensuring ease of access for both staff and visitors. The property benefits from existing highway access and a location in one of Janesville’s steady growth paths.
Key Highlights
- Freestanding 2,606 SF office building suitable for office, fast‑casual dining, or retail.
- Benefits from existing multi‑lane drive‑thru infrastructure.
- Located on a full acre with expansive parking.
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 | $57.9k | $22.20 |
| − Vacancy | −$12.1k | −$4.66 |
| EGI | $45.7k | $17.54 |
| − OpEx | −$11.4k | −$4.38 |
| NOI | $34.3k | $13.15 |
2,606 SF · lease $22.20/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$489.7K
$428.5K – $571.3K
NOI $34,278 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$626.2K
$548.0K – $730.6K
NOI $43,837 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - 2,606 SF office building with drive-thru on one acre.
Where is this office building located?
The property is located at 2636 US Hwy 51 Janesville, WI.
What is the asking price?
The asking price for this property is $698,000.
What are key features of this property?
This property features: Freestanding 2,606 SF office building suitable for office, fast‑casual dining, or retail.; Benefits from existing multi‑lane drive‑thru infrastructure.; Located on a full acre with expansive parking.
