Freestanding Office Building with
For Sale
$400,000
2636 S US Highway 51, Janesville, WI 53546
2,606 SF office building with drive-thru on one acre.
Property Size2,606 SF
Lot Size1.00 Acre
Price / SF$153.49
Days on Market201
Property Features for 2636 S US Highway 51
General Information
Standard status
Active
Size
2,606 SF
Lot size
1.00 Acre
Property subtype
Office - General Office
Building Details
Building Size
2,606 SF
Year Built
1990
Listing Agency:
Coldwell Banker Commercial McGuire Mears & Associates
Listed By:
William Mears
(608) 314-8251
Source:
Commercialcafe
Added: Apr 7
Changed: Oct 21
Last Checked: Oct 23 at 3:40AM
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 Coldwell Banker Commercial McGuire Mears & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a professional freestanding office building for sale in Janesville, WI. The 2,606 SF building features existing multi-lane drive-thru infrastructure. Formerly a bank branch, it is a plug-and-play option for office users, fast-casual dining, or service-based retail. Situated on a full acre, the property boasts an expansive parking-to-building ratio, ensuring ease of access for both staff and visitors. The property benefits from existing highway access and a location in one of Janesville’s steady growth paths.
Key Highlights
- Freestanding 2,606 SF office building suitable for office, fast‑casual dining, or retail.
- Benefits from existing multi‑lane drive‑thru infrastructure.
- Located on a full acre with expansive parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,278
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,560
$685.6K
Cap Rate 7%
$489,686
$489.7K
Cap Rate 9%
$380,867
$380.9K
Market Conditions
NOI Build-Up for 2,606 SF
Gross rent
$57.9K $22.20/SF
− Vacancy
−$12.1K −$4.66/SF
EGI
$45.7K $17.54/SF
− OpEx
−$11.4K −$4.38/SF
NOI
$34.3K $13.15/SF
Area
Rock County, WI
Vacancy
21.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,560
Cap Rate 7%
$489,686
Cap Rate 9%
$380,867
Alternative Uses
Best Use
Office B
$489.7K
$428.5K – $571.3K
NOI $34,278 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$626.2K
$548.0K – $730.6K
NOI $43,837 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 53546, WI
31,190
Population
12,816
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
95%
High-School Grad
81.1 sq mi
ZIP Area
385
Density / Sq Mi
$73,430
Median Household Income
$45,481
Median Earnings
$1,076
Median Rent
$220,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - 2,606 SF office building with drive-thru on one acre.
Where is this office building located?
The property is located at 2636 S US Highway 51 Janesville, WI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Freestanding 2,606 SF office building suitable for office, fast‑casual dining, or retail.; Benefits from existing multi‑lane drive‑thru infrastructure.; Located on a full acre with expansive parking.
