138 N Main Street, Janesville, MN 56048
Commercial - Janesville, MN
- Added:
- Apr 21, 2026
- Days on Market:
- 62
- Last Refresh:
- Jun 21 at 2:06 am
Property Features for 138 N Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial
- Parking features
- Unassigned
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 141001810
- Size
- 2,500 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4434.62
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Architectural style
- Other
Listing agent Dylan A Maitland (612) 423-1841
Listing office RE/MAX Results 11200 W 78th Street, Eden Prairie, MN (952) 829-2900
Listing date Apr 21, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Stabilized mixed‑use asset with long‑term State Farm commercial tenant and renovated apartment units.
- Significant capital improvements completed, including $70,000+ in RTU upgrades, reducing near‑term capital needs.
- Generates $6,324 per month in rental income with upside potential from vacant office suites.
- Located in the heart of downtown Janesville.
- Includes 7 apartment units and 3 commercial suites.
- Additional 2,500+ sq. ft. lower level space for storage or future income‑producing use.
Overview
The building is located in the heart of downtown Janesville, MN. The offering also includes two vacant office suites, providing an opportunity to re-lease commercial space following current vacancy. In addition, the lower level provides 2,500+ square feet of supplemental space for storage, future tenant use, or other income-producing possibilities.
For investors or owner-operators seeking a mixed residential and commercial asset, the current setup combines multi-unit residential occupancy with an established commercial tenant. The presence of two vacant office suites can support a straightforward path to improving commercial occupancy, subject to leasing. Reported rental income is $6,324 per month, and the documented improvement work is intended to reduce near-term capital needs relative to a property with outstanding deferred items. The listed zoning is Business/Commercial, supporting the mixed-use configuration described in the materials.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Janesville
- County
- Waseca
- State
- Minnesota
- Longitude
- -93.707983
- Latitude
- 44.116065
