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    631 Midland Rd Janesville, WI 53546

    For Sale
    $1,600,000

    Prime 2.95-acre retail lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.95-acre vacant commercial land parcel presents a remarkable opportunity for retail development in Janesville, Wisconsin. Strategically located just off Interstate 39/90, with convenient access via the E Racine St (STH 11) exit, this B-4 zoned property boasts unparalleled visibility and accessibility. The site benefits from its proximity to a thriving commercial corridor, including a Baymont Inn, a newly constructed Culver's restaurant, and a gas station with an attached Subway. Across the street lies St. Mary's Hospital and Dean Clinic, ensuring a consistent flow of potential customers. Furthermore, the property's location less than two minutes from a high school with an open lunch period and its encirclement by nearly 500 apartment units guarantees a substantial and readily available customer base. This high-traffic location, combined with the property's size and zoning, makes it ideal for a variety of retail ventures. The asking price for this exceptional opportunity is $1,600,000. Don't miss this chance to secure a prime location for your next retail development.

    Property Features for 631 Midland Rd

    General Information

    Property type
    Land
    Lot Size
    128,502 SF

    HighLights

    • 2.95‑acre parcel
    • B‑4 Highway Business zoning, conveniently located off I‑39/90 at E Racine St (STH 11)
    • Proximity to a high school with an open lunch period.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    Rock
    State
    Wisconsin
    Longitude
    -88.978129327297
    Latitude
    42.672237530351

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    FAQs

    What type of property is this?
    Land - Prime 2.95-acre retail lot, high traffic area.
    Where is this land located?
    The property is located at 631 Midland Rd Janesville, WI.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 2.95-acre parcel; B-4 Highway Business zoning, conveniently located off I-39/90 at E Racine St (STH 11); Proximity to a high school with an open lunch period.
    (608) 314-8257
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    631 Midland Rd Janesville, WI 53546
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    Janesville, WI 53546
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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
    631 Midland Rd Janesville, WI 53546
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