Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    138 N Main St Janesville, MN 56048

    For Sale
    $489,900

    Commercial - Janesville, MN

    Lot size:
    0.28 Acres
    Days on Market:
    103
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 138 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial,Residential-Multi-Family
    APN
    141001810
    Parking features
    Unassigned
    Exterior features
    Brick/Stone
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Dylan A Maitland (952) 829-2900

    Listing date Sep 4, 2025

    MLS# 6782770 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Janesville Mixed-Use Investment Opportunity

    Located in historic downtown Janesville, this mixed-use property presents an investment opportunity. The property, constructed in the 1900s, contains a total of 11 units, including 7 apartments and 3 commercial/office spaces. The property is zoned for both business/commercial and residential multi-family use. The residential apartments have been recently renovated. A long-term commercial tenant, State Farm, occupies one of the commercial spaces. The property includes two small office vacancies. The lower level provides over 2,500 square feet of additional space that is suitable for future development, storage, or added rental income. The lot size is 0.282 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sherry Tuohy - State ... Insurance Agency Toby's Barber Shop Barber Shop DBS Brokerage Trucking Company State Farm Insurance Auto Insurance Agency

    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
    -93.707983
    Latitude
    44.116065

    Nearby Similar for Sale

    • $399,000
      5,297 SF

      Renovated Mixed-Use Property, Janesville

      Newly renovated, fully leased mixed-use property in downtown Janesville.
      121 Main St North, Janesville, MN 56048
      View Details
    • $349,000
      5,297 SF

      Janesville Mixed-Use Investment Opportunity

      Downtown Janesville retail & residential, high occupancy.
      121 Main St, Janesville, MN 56048
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in downtown Janesville with apartments and commercial space.
    Where is this mixed-use property located?
    The property is located at 138 N Main St Janesville, MN.
    What is the asking price?
    The asking price for this property is $489,900.
    What are key features of this property?
    This property features: - Prime mixed-use investment property in downtown Janesville.; - Cash flowing property with a long-term commercial tenant (State Farm).; - Seven freshly renovated residential apartments.
    (952) 829-2900
    Request Owner's contact information
    138 N Main St Janesville, MN 56048
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    138 N Main St
    Janesville, MN 56048
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    138 N Main St Janesville, MN 56048
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.