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    121 Main St Janesville, MN 56048

    Sponsored
    For Sale
    $349,000

    Downtown Janesville retail & residential, high occupancy.

    Property size:
    5,297 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This mixed-use property in downtown Janesville, Minnesota, presents a compelling investment opportunity. The 5,297 square foot building, constructed in 1989, boasts four units and is currently 100% occupied, generating a strong net operating income (NOI) of $6,411.50, resulting in a 7.62% capitalization rate. Significant renovations have been completed, including HVAC upgrades and the addition of two new main street frontages with a handicap-accessible ramp entrance in 2021. The property benefits from a solid rental history, with both commercial and residential units consistently leased. Its prime location on Main Street in Janesville offers excellent visibility and accessibility, situated just 10 minutes from Mankato via the four-lane Highway 14. The asking price is $349,000, representing an owner-user opportunity with net leases in place. This turnkey investment features a newly renovated interior and a strong tenant base, making it an attractive option for investors seeking a stable, high-performing asset in a desirable location. The property is located at 121 N Main St, Janesville, MN 56048, within Waseca County.

    Property Features for 121 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,297 SF

    Building Details

    Year Built
    1989
    Units
    4

    HighLights

    • Completely renovated.
    • Fully occupied.
    • 8% capitalization rate; net leases.
    • Price reduced.
    • Recently renovated with HVAC upgrades.
    • Owner‑occupant opportunity available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.7071442
    Latitude
    44.1157414

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    FAQs

    What type of property is this?
    Mixed-use property - Downtown Janesville retail & residential, high occupancy.
    Where is this mixed-use property located?
    The property is located at 121 Main St Janesville, MN.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Completely renovated.; Fully occupied.; 8% capitalization rate; net leases.
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    Janesville, MN 56048
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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
    121 Main St Janesville, MN 56048
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