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    1533 Racine St Janesville, WI 53545

    Sponsored
    For Sale
    $495,000

    Established business, high occupancy, great potential.

    Property size:
    1,363 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a branded Mobil service station in Janesville, Wisconsin, ideally located at 1533 E Racine St, 53545. The property, a single-tenancy retail establishment, encompasses 1,363 square feet and is currently operating at 100% occupancy. Priced at $495,000 ($363.17 per square foot), this well-maintained property boasts a rich history, having been family-owned for over 80 years. Recent upgrades include updated fuel pumps, a complete electrical system overhaul, and a modern canopy featuring energy-efficient LED lighting. The station currently functions as a gas station with two service bays, offering significant potential for expansion and diversification. Entrepreneurial opportunities abound, with possibilities including expanding the auto repair services, adding a convenience store, establishing a towing business, or exploring other complementary ventures. The meticulously maintained building provides a clean and inviting atmosphere, ready for immediate operation or creative expansion. This turnkey operation offers a rare chance to acquire a profitable, established business with significant upside potential in a desirable location. The property's strong history and recent improvements combine to create a compelling investment opportunity.

    Property Features for 1533 Racine St

    General Information

    Property type
    Automotive properties
    Square Feet
    1,363 SF

    HighLights

    • Mobil gas station, 1,363 SF, Janesville, WI.
    • 100% occupied, single‑tenant retail building.
    • Priced at $495,000 ($363.17/SF).
    • Recently renovated with updated fuel pumps, electrical system, and LED canopy lighting.
    • Two service bays; potential for expansion (e.g., convenience store, auto repair).
    Property Profile Location Intelligence

    Current Use by Public Records

    Wurtz Service Center ... Auto Repair Shop Mobil Gas Station

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.0034234
    Latitude
    42.6792468

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    FAQs

    What type of property is this?
    Automotive property - Established business, high occupancy, great potential.
    Where is this automotive property located?
    The property is located at 1533 Racine St Janesville, WI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Mobil gas station, 1,363 SF, Janesville, WI.; 100% occupied, single-tenant retail building.; Priced at $495,000 ($363.17/SF).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1533 Racine St Janesville, WI 53545
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