Mixed-Use Building with
For Sale
$475,000
138 N Main Street, Janesville, MN 56048
Commercial Sale, Janesville, MN
Property SizeContact for details
Lot Size0.28 Acres
Days on Market156
Property Features for 138 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Rooms
Basement
Parking features
Assigned
Exterior features
Brick/Stone
Subdivision
Original Plat/Janesville Minn
Lot features
Corner Lot
High school district
Janesville-Waldorf-Pemberton
Directions
Follow US 14 E to County Rd 3130th St. In Waseca County. Take the County Rd 3 exit from US-14 E. Turn left onto County Rd. 3130th St. Continue to follow County Rd 3. 138 N Main will be on the left, kiddie corner from the bank.
Standard status
Active
APN
141001810
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4435
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1900
Listing Agency:
RE/MAX Results · RE/MAX International
(763) 235-7000
Listed By:
Dylan A Maitland
(952) 829-2900
Added: Apr 21
Changed: Sep 11
Last Checked: Sep 23 at 7:06PM
MLS# 7059604
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.
Investment Insights
Based on property information with market context.
Built in 1900, this brick mixed-use property combines seven apartment units with three commercial suites. The apartment units have been renovated, and a long-term State Farm commercial tenancy is in place. Two office suites are currently vacant, providing additional leasing flexibility within the existing commercial layout.
The lower level adds 2,500+ sq. ft. of space that can support storage or future tenant use. The property also features forced-air heating, central air conditioning, assigned parking, and completed RTU upgrades. Located in downtown Janesville, the building offers a combination of residential and commercial components within an established Main Street setting.
The lower level adds 2,500+ sq. ft. of space that can support storage or future tenant use. The property also features forced-air heating, central air conditioning, assigned parking, and completed RTU upgrades. Located in downtown Janesville, the building offers a combination of residential and commercial components within an established Main Street setting.
Key Highlights
- Seven apartment units and three commercial suites
- Renovated apartment units with long‑term State Farm commercial tenancy
- Two vacant office suites provide additional commercial space
Property Analytics
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Current Use
Lease Details
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines renovated residential units with commercial suites and additional lower-level space.
Where is this mixed-use property located?
The property is located at 138 N Main Street 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 with long‑term State Farm commercial tenancy; Two vacant office suites provide additional commercial space
