Industrial Building with 24-Foot
401 E Conde Street Janesville, WI 53546
401 E Conde Street, Janesville, WI, 53546
$2,400,000
For Sale
$2,400,000
Industrial building combining office/lab space with a 22,594 sq ft warehouse and 24-foot ceilings, docks, and secured site features.
Property Size30,000 SF
Lot Size3.00 Acres
Price / SF$80
Days on Market384
Property Features for 401 E Conde Street
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Lot size
- 3.00 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1995
Listing agency
American, REALTORS
(608) 213-6686
Listed by
David Baehr · License #5260990
(608) 213-6686
Source
Xome
Added: Jul 5, 2025 Updated: Jul 22 at 11:51PM Checked: Jul 22 at 11:51PM
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 American, REALTORS
Investment Insights
Based on property information with market context.
This premier industrial building offers a mixed layout with 7,406 sq ft of office/lab space and a 22,594 sq ft warehouse component. The warehouse has 24-foot ceilings, two docks, and one overhead door. Building systems include an NFPA 13 sprinkler system, full municipal water/sewer, and power service rated at 1,800 amps with a 300 kVA ABB transformer. The metal roof is reported to be well maintained.
The property is zoned M-1 for industrial, warehouse, and R&D uses, including ethanol processes, and is located within an Opportunity Zone. The site includes 38 parking stalls, secure fencing with razor wire, an automatic gate, and a security system. Power and gas are served by Alliant Energy, with multiple fiber providers available.
Plans are completed for a 26,000 sq ft expansion, and tenant relocation is underway, with the space also offered for lease on a NNN basis (pricing not stated here). The combination of warehouse capacity and heavy-industrial oriented infrastructure supports practical industrial operations.
The property is zoned M-1 for industrial, warehouse, and R&D uses, including ethanol processes, and is located within an Opportunity Zone. The site includes 38 parking stalls, secure fencing with razor wire, an automatic gate, and a security system. Power and gas are served by Alliant Energy, with multiple fiber providers available.
Plans are completed for a 26,000 sq ft expansion, and tenant relocation is underway, with the space also offered for lease on a NNN basis (pricing not stated here). The combination of warehouse capacity and heavy-industrial oriented infrastructure supports practical industrial operations.
Key Highlights
- 30,000 sq ft industrial building on 3 acres in Janesville’s South Side with 7,406 sq ft office/lab space and 22,594 sq ft warehouse
- Warehouse has 24‑ft ceilings with 2 docks and 1 overhead door
- Power includes 1,800 amps and a 300 kVA ABB transformer; NFPA 13 sprinkler system
Local Financial Insights For Warehouse
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 | $122.4k | $4.08 |
| − Vacancy | −$11.0k | −$0.37 |
| EGI | $111.4k | $3.71 |
| − OpEx | −$16.7k | −$0.56 |
| NOI | $94.7k | $3.16 |
30,000 SF · lease $4.08/SF/yr · vacancy 9.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$5.64M
$4.93M – $6.58M
NOI $394,605 @ 7.0% cap · market cap 16.44%
Second Best
Flex RnD
$5.05M
$4.42M – $5.90M
NOI $353,808 @ 7.0% cap · market cap 14.74%
Theoretical Best
Office A
$7.21M
$6.31M – $8.41M
NOI $504,648 @ 7.0% cap · market cap 21.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
American Extractions
Business To Business Service
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FAQs
What type of property is this?
Flex space - Industrial building combining office/lab space with a 22,594 sq ft warehouse and 24-foot ceilings, docks, and secured site features.
Where is this flex space located?
The property is located at 401 E Conde Street Janesville, WI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 30,000 sq ft industrial building on 3 acres in Janesville’s South Side with 7,406 sq ft office/lab space and 22,594 sq ft warehouse; Warehouse has 24‑ft ceilings with 2 docks and 1 overhead door; Power includes 1,800 amps and a 300 kVA ABB transformer; NFPA 13 sprinkler system
