Historic Bed & Breakfast with 16
2200 W Memorial Drive Janesville, WI 53548
For Sale
$524,900
COMMERCIAL - Janesville, WI
Property Size3,862 SF
Lot Size1.29 Acres
Price / SF$135.91
Days on Market53
Property Features for 2200 W Memorial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R1
Parking features
Ramp
Interior features
Private Restrooms, Reception area, Signage available
Standard status
Active
APN
241 0126100386
Size
3,862 SF
Lot size
1.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6872
Building Details
Year built
1858
Number of units
1
Roof type
Composition
Listing Agency:
Century 21 Affiliated
(608) 365-1481
Listed By:
Karla Clark · License #77760-94
(608) 207-0421
Added: Jun 6
Changed: Jul 27
Last Checked: Jul 28 at 12:06AM
MLS# 2025243
Copyright © 2026 REALTORS® Association of South Central Wisconsin. 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.
Dating back to 1858 and listed on the Historic Register, Century Elms Bed & Breakfast showcases Italianate architecture with modern updates. The property includes four guest suites with private baths, including one ADA-compliant room, plus two innkeeper living quarters. Interior highlights include elegant parlors, a sunroom, and a fully remodeled kitchen designed for commercial-level hospitality.
The home sits on 1.29 acres at 2200 W Memorial Drive in Janesville, WI, and is offered in R1 zoning. Major improvements cited by the seller include a newer roof, chimney repairs, updated plumbing, updated windows, a boiler, radiators with individual temperature controls, updated appliances, and a new blacktop driveway. The seller will provide two weeks of training for a smooth transition.
The home sits on 1.29 acres at 2200 W Memorial Drive in Janesville, WI, and is offered in R1 zoning. Major improvements cited by the seller include a newer roof, chimney repairs, updated plumbing, updated windows, a boiler, radiators with individual temperature controls, updated appliances, and a new blacktop driveway. The seller will provide two weeks of training for a smooth transition.
Key Highlights
- Landmark Historic Register bed & breakfast built in 1858 with Italianate architecture
- 16‑room property on 1.29 acres with four guest suites and private baths, including one ADA‑compliant suite
- Fully remodeled commercial hospitality kitchen plus reception area and multiple shared spaces (parlors and sunroom)
Financial Insights For Hotel Hospitality
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 | $55.6k | $14.40 |
| − Vacancy | −$3.8k | −$0.98 |
| EGI | $51.8k | $13.42 |
| − OpEx | −$27.2k | −$7.05 |
| NOI | $24.6k | $6.37 |
3,862 SF · lease $14.40/SF/yr · vacancy 6.80% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$351.7K
$307.8K – $410.3K
NOI $24,620 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$928.1K
$812.1K – $1.08M
NOI $64,965 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Century Elms Bed and Breakfast — 2200 W Memorial Dr, Janesville, WI 53548
Frequently Asked Questions
What type of property is this?
Bed & breakfast - 16-room bed & breakfast features four guest suites with private baths and an ADA-compliant suite.
Where is this bed & breakfast located?
The property is located at 2200 W Memorial Drive Janesville, WI.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Landmark Historic Register bed & breakfast built in 1858 with Italianate architecture; 16‑room property on 1.29 acres with four guest suites and private baths, including one ADA‑compliant suite; Fully remodeled commercial hospitality kitchen plus reception area and multiple shared spaces (parlors and sunroom)
