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    Property profile & analytics

    138 Main St Janesville, MN 56048

    • Commercial real estate
    • 4,000 SF
    For Lease
    View listing
    $6 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US46-2446911
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

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

    Property Details for 138 Main St

    Property size
    4,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a 4,000 square foot Class C office building located at 138 N Main St, Janesville, MN 56048, in Waseca County. The property sits on a 6,158 square foot lot and is currently configured as executive office space. Two commercial leases are currently in place, providing immediate cash flow. Significant recent improvements enhance the property's value and potential for future growth. In 2023, a $70,000 upgrade was completed on the roof top unit (RTU). Furthermore, all second-floor apartments underwent a complete renovation, bringing them up to code. All current tenants have undergone thorough background and credit checks. The building offers additional vacant commercial space presenting a significant opportunity to increase rental income. This advantageous listing presents a strong return on investment, whether managed remotely or through self-management. The owners are open to considering a Contract for Deed (CFD) sale. This property is ideally situated in a sub-market of Greater Mankato, offering excellent potential for long-term growth and profitability.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.7078556
    Latitude
    44.1160648

    Comparable in this City

    • $349,000
      5,297 SF

      Janesville Mixed-Use Investment Opportunity

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

    Similar Nearby for Sale

    • $349,000
      5,297 SF

      Janesville Mixed-Use Investment Opportunity

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