Brick Mixed-Use Commercial
1321 West Court Street Janesville, WI 53548
1321 West Court Street, Janesville, WI, 53548
$219,900
For Sale
$219,900
Brick mixed-use building includes two commercial spaces, a rented apartment, and additional lower-level basement space.
Property Size2,112 SF
Price / SF$104.12
Days on Market243
Property Features for 1321 West Court Street
General Information
- Standard status
- Active
- Size
- 2,112 SF
- Property subtype
- Multi Family / Other
Building Details
- Year Built
- 1961
Listing agency
Shorewest, REALTORS
(608) 751-5868
Listed by
Mary Gilbank · License #36586-90
(608) 751-5868
Source
Compass
Added: Nov 22, 2025 Updated: Jul 22 at 4:27PM Checked: Jul 23 at 6:44AM
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 Shorewest, REALTORS
Investment Insights
Based on property information with market context.
This all-brick commercial building includes two commercial spaces plus one residential apartment, offering a versatile mixed-use layout. The main floor commercial space includes a half bath. The upper level features a one-bedroom, one-bath apartment that is currently rented on a month-to-month basis. A lower level provides additional commercial or basement space for added flexibility.
The property is located on W. Court Street and is described as being on a busy street with strong visibility. Zoned B-3 General Commercial, the building supports a wide range of business uses.
Constructed of solid brick, the property is positioned for long-term durability and can work for an owner-occupant arrangement or an investment setup, depending on how the spaces are utilized.
The property is located on W. Court Street and is described as being on a busy street with strong visibility. Zoned B-3 General Commercial, the building supports a wide range of business uses.
Constructed of solid brick, the property is positioned for long-term durability and can work for an owner-occupant arrangement or an investment setup, depending on how the spaces are utilized.
Key Highlights
- Brick mixed‑use building (built 1961) with two commercial spaces plus one residential apartment and additional lower‑level basement space
- Main level features a commercial space with a half bath
- Upper level includes a 1‑bedroom, 1‑bath apartment currently rented month‑to‑month
Local Financial Insights For Mixed Use
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 | $25.3k | $12.00 |
| − Vacancy | −$2.0k | −$0.96 |
| EGI | $23.3k | $11.04 |
| − OpEx | −$8.7k | −$4.14 |
| NOI | $14.6k | $6.90 |
2,112 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$396.9K
$347.3K – $463.0K
NOI $27,780 @ 7.0% cap · market cap 12.63%
Second Best
Retail
$364.2K
$318.7K – $424.9K
NOI $25,494 @ 7.0% cap · market cap 11.59%
Theoretical Best
Office A
$507.5K
$444.1K – $592.1K
NOI $35,527 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Mixed-use property - Brick mixed-use building includes two commercial spaces, a rented apartment, and additional lower-level basement space.
Where is this mixed-use property located?
The property is located at 1321 West Court Street Janesville, WI.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Brick mixed‑use building (built 1961) with two commercial spaces plus one residential apartment and additional lower‑level basement space; Main level features a commercial space with a half bath; Upper level includes a 1‑bedroom, 1‑bath apartment currently rented month‑to‑month
