Industrial Building with
401 E Conde Street Janesville, WI 53546
401 E Conde Street, Janesville, WI, 53546
$2,400,000
For Sale
$2,400,000
COMMERCIAL - Janesville, WI
Property Size30,000 SF
Lot Size3.20 Acres
Price / SF$80
Days on Market72
Property Features for 401 E Conde Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M2
- Interior features
- Loading dock(s), Overhead doors, Private Restrooms, 3 phase electric
- Standard status
- Active
- APN
- 241 0307100018
- Size
- 30,000 SF
- Lot size
- 3.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 28095
Building Details
- Year built
- 1995
- Number of units
- 1
- Roof type
- Metal
Listing agency
American, REALTORS
(608) 834-2600
Listed by
David Baehr · License #5260990
(608) 213-6686
Added: May 12 Updated: Jul 22 at 5:05AM Checked: Jul 22 at 9:06AM
MLS# 2004822
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.
A premier 30,000-square-foot industrial building on approximately 3.2 acres, combining 7,406 square feet of office/lab space with 22,594 square feet of warehouse area. The warehouse is improved with 24-foot ceilings, two docks, and one overhead door. The building is served by NFPA 13 sprinkler coverage and municipal water/sewer with 12-inch mains. Power includes 1,800 amps with a 300 kVA ABB transformer, and the site is served by Alliant Energy gas and multiple fiber providers. A well-maintained metal roof supports year-round operations. The property also includes 38 parking stalls, secure fencing with razor wire, an automatic gate, and a security system. Plans are completed for a 26,000-square-foot expansion.
The property is described as located on Janesville’s South Side and designated within an Opportunity Zone. Zoning is listed as M2, and the remarks state the facility is suitable for industrial, warehouse, and R&D uses, including ethanol processes.
The current tenant is relocating, and the property is offered for sale with availability for occupancy following the move-out timeframe.
The property is described as located on Janesville’s South Side and designated within an Opportunity Zone. Zoning is listed as M2, and the remarks state the facility is suitable for industrial, warehouse, and R&D uses, including ethanol processes.
The current tenant is relocating, and the property is offered for sale with availability for occupancy following the move-out timeframe.
Key Highlights
- 30,000 sq ft industrial building on 3 acres in Janesville (South Side)
- Includes 7,406 sq ft office/lab space and 22,594 sq ft warehouse with 24 ft ceilings
- Warehouse features 2 loading docks and 1 overhead door; loading dock(s) included
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
Flex RnD
$5.05M
$4.42M – $5.90M
NOI $353,808 @ 7.0% cap · market cap 14.74%
Second Best
Warehouse
$1.35M
$1.18M – $1.58M
NOI $94,676 @ 7.0% cap · market cap 3.94%
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
Property Profile
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 - 30,000 SF industrial facility with office/lab space and a 22,594 SF warehouse featuring 24-foot ceilings and two docks.
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 (South Side); Includes 7,406 sq ft office/lab space and 22,594 sq ft warehouse with 24 ft ceilings; Warehouse features 2 loading docks and 1 overhead door; loading dock(s) included
