Building Details

Year Built 1900

Buildings 1

Tenancy Multi

Listing Agency: RE/MAX Results

Listed By: Dylan A Maitland Show Phone

Source: Homesminn

Added: Aug 13 Changed: Sep 12 Last Checked: Sep 22 at 7:33PM

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Investment Insights

Based on property information with market context.

Located at 138 N Main St in Janesville, MN, this mixed-use building dating to the 1900s combines seven apartment units with three commercial suites. The apartment units have been renovated, while capital improvements and deferred-maintenance work include RTU upgrades.

A State Farm commercial tenancy is in place, and two office suites are currently vacant. The lower level adds 2,500+ square feet that can support storage or future tenant use. This configuration brings together residential units, commercial space, and additional lower-level area within a downtown property.

Key Highlights

• Seven apartment units and three commercial suites
• Renovated apartment units
• State Farm commercial tenant in place

Property Analytics

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Current Use

Sherry Tuohy - State ... Insurance Agency Toby's Barber Shop Barber Shop DBS Brokerage Trucking Company State Farm Insurance Insurance Agency

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Parts Store Restaurant Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Office units

7

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

160

Businesses Nearby

Explore this area Business Placement

Demographics for 56048, MN

4,150

Population

1,762

Households

2.4

Avg Household Size

40

Median Age

27%

College-Educated

94%

High-School Grad

122.4 sq mi

ZIP Area

34

Density / Sq Mi

$82,813

Median Household Income

$49,183

Median Earnings

$850

Median Rent

$223,900

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Mixed-Use Building with Apartments

138 N Main Street, Janesville, MN 56048

$475,000

0.28 Acres

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Newly Renovated Mixed-Use Property

121 N Main St, Janesville, MN 56048

Contact for pricing

5,297 SF

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Seven renovated apartments accompany three commercial suites in a downtown building with additional lower-level space.

Where is this mixed-use property located?

The property is located at 138 N Main St Janesville, MN.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Seven apartment units and three commercial suites; Renovated apartment units; State Farm commercial tenant in place