Commercial Real Estate Market in Janesville, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 102 off-market properties in Janesville, MN. Commercial property asks $120/SF to buy and $11.00/SF/Yr to lease.
Market Trends
Janesville, MN spans 122.4 square miles in Waseca County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Janesville, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Janesville, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Janesville, MN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Janesville, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 64.1%
- Industrial 16.2%
- Open space 14%
- Commercial 5.7%
Largest Zones share of zoned land by district
Single Family Residential
Multifamily Residential
Industrial
Park An Open Space
General Business
Janesville, MN zones 930 acres across 8 districts. Commercial zoning covers 5.7% of zoned land, residential 64.1%, open space 14% and industrial 16.2%. The largest single district is Single Family Residential at 40.9%. For commercial buyers the practical constraint is that only 21.9% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
The Single-Family Residential District (R-1) is intended to establish a district which will define and protect areas suitable for low density residential development as the principal land use of the land and to allow related facilities desirable for a residential environment
Market overview
Demographics & Economy
Janesville, MN has 4,150 residents in 1,762 households. Density runs 34 people per square mile. Median household income here is $82,813 and median gross rent $850 a month.
4,150
Population
1,762
Households
2.4
Avg Household Size
40
Median Age
27%
College-Educated
94%
High-School Grad
122.4 sq mi
ZIP Area
34
Density / Sq Mi
$82,813
Median Household Income
$49,183
Median Earnings
$850
Median Rent
$223,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elysian | — | — |
| Saint Clair | — | — |
| Madison Lake | — | — |
| Pemberton | — | — |
Commercial property in Janesville, MN asks $120/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Janesville?
Commercial property in Janesville, MN asks an average of $120 per square foot.
How much does it cost to lease commercial space in Janesville?
Asking lease rates in Janesville, MN average $11.00 per square foot per year.
What zoning applies to commercial property in Janesville?
Janesville, MN zones 930 acres across 8 districts, of which 5.7% is commercial and 16.2% industrial. The largest single district is Single Family Residential at 40.9% of zoned land. The Single-Family Residential District (R-1) is intended to establish a district which will define and protect areas suitable for low density residential development as the principal land use of the land and to allow related facilities desirable for a residential environment Residential zoning covers 64.1% and open space 14%.
Where does Realmo's Janesville market data come from?
Realmo compiles Janesville, MN figures from 8 recent recorded sales, 5 active sale listings, 1 active lease listings, 102 tracked off-market properties, the current Janesville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 1 active for-lease listings in Janesville, MN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 930 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
