Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    33-39 Main St Janesville, WI 53545
    Back to Search
    Property profile & analytics

    33-39 Main St Janesville, WI 53545

    View on Map
    • Retail properties & Spaces
    • 17,424 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 33-39 Main St

    Property size
    17,424 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional retail opportunity presents two available suites within the historic Fredenall Block building in Janesville, Wisconsin. Located in the heart of downtown, this property boasts high foot traffic and excellent visibility, making it ideal for a variety of businesses. The building offers a charming blend of historic character and modern upgrades, ensuring a comfortable and attractive space for tenants. Each suite offers unique features, with sizes ranging from 744 square feet to 1,255 square feet. There is also the possibility of combining both suites to create a larger, more expansive space, totaling over 1,999 square feet, to accommodate businesses requiring more room. The property sits on a 0.27-acre lot and the entire building encompasses 17,424 square feet, divided into two commercial suites. This prime location provides easy access to local amenities and benefits from the vibrant energy of Janesville's historic downtown area. The property's multiple tenancy structure offers flexibility for various business models. This is a rare chance to secure a retail space in a highly desirable location with significant potential for growth and success. Don't miss this opportunity to establish your business in a landmark building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.0214
    Latitude
    42.6822

    Comparable in this City

    • Value Estimation by Request
      73,447 SF

      1339 Creston Park Dr

      Retail properties & Spaces • 73,447 SF
      1339 Creston Park Dr, Janesville, WI 53545
      View Details
    • Value Estimation by Request
      1.42 Acres

      3125 Mccormick Dr

      Land • 1.42 Acres
      3125 Mccormick Dr, Janesville, WI 53545
      View Details
    • Value Estimation by Request
      303,000 SF

      2101 Kennedy Rd

      Distribution properties • 303,000 SF
      2101 Kennedy Rd, Janesville, WI 53545
      View Details
    • Value Estimation by Request
      0.81 Acres

      1300 Mount Zion Ave

      Land • 0.81 Acres
      1300 Mount Zion Ave, Janesville, WI 53545
      View Details
    • Value Estimation by Request
      303,000 SF

      2101 Kennedy Rd

      Land • 303,000 SF
      2101 Kennedy Rd, Janesville, WI 53545
      View Details
    • Value Estimation by Request
      0.17 Acres

      1055 Matheson St

      COMMERCIAL (GENERAL) • 0.17 Acres
      1055 Matheson St, Janesville, WI 53545
      View Details

    Similar Nearby for Sale

    • $984,250

      Retail Land For Sale

      1.93 AC retail land in Janesville's commercial corridor.
      2020 Morse St, Janesville, WI 53545
      View Details
    • Contact for pricing

      Commercial Land in High Traffic Area

      Vacant commercial land with high visibility and easy access.
      2225 Milton Ave, Janesville, WI 53545
      View Details
    • New
      Contact for pricing
      0.20 Acres

      Residential Lot in Janesville, WI

      Corner lot in established neighborhood, close to downtown and shopping.
      832 Cornelia St, Janesville, WI 53545
      View Details
    • Contact for pricing
      13,905 SF

      Freestanding Walgreens in Janesville, WI

      Freestanding 13,905 SF Walgreens on 1.44 acres.
      1717 Milton Ave, Janesville, WI 53545
      View Details
    • Contact for pricing
      2,753 SF

      Established Fuel and Convenience Store

      Long-standing fuel and convenience store with diversified revenue streams.
      404 N Parker Ct, Janesville, WI 53545
      View Details
    • $399,000
      1,363 SF

      Established Gas Station with Service

      Thriving gas station with service bays and updated infrastructure.
      1533 E Racine St, Janesville, WI 53545
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Janesville Center

      Multi-tenant shopping center with remaining space for lease.
      2700 Pontiac Pl, Janesville, WI 53545
      View Details
    • $9 SF/Yr
      29,685 SF

      Retail Space with High Visibility

      Retail property for lease with ample parking and signage.
      1800 Milton Ave, Janesville, WI 53545
      View Details
    • Contact for pricing

      Retail Space in Janesville, WI

      Vibrant retail space near Janesville Mall and Rotary Botanical Gardens.
      5 S Harmony Dr, Janesville, WI 53545
      View Details
    • Contact for pricing
      4,661 SF

      Freestanding Retail Building in Janesville

      High-image, single-tenant building on Janesville's main retail thoroughfare.
      3024 Milton Ave, Janesville, WI 53545
      View Details
    • Contact for pricing

      Retail Space with Dock Door

      Retail space featuring a dock door in the rear.
      3023 Milton Ave, Janesville, WI 53545
      View Details
    • Contact for pricing

      Janesville Industrial Space Sublease

      Industrial space for sublease in Janesville's premier industrial park.
      2101 Kennedy Rd, Janesville, WI 53545
      View Details
    Request Owner's contact information
    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.
    33-39 Main St
    Janesville, WI 53545
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    33-39 Main St, Janesville, WI, 53545
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!