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    Property profile & analytics

    121 Main St Janesville, MN 56048

    • Commercial real estate
    For Sale
    View listing
    $349,000
    Value Estimation
    Last Sale
    Sep 30, 2021
    $80,000
    Location Intelligence
    Property ID
    US46-2165086
    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

    • Commercial real estate

    Property Details for 121 Main St

    Property type
    Commercial real estate
    APN
    14.100.2000
    APU
    141002000

    Description

    This mixed-use property in downtown Janesville, Minnesota, presents a compelling investment opportunity. The 5,297 square foot building, constructed in 1989, boasts four units and is currently 100% occupied, generating a strong net operating income (NOI) of $6,411.50, resulting in a 7.62% capitalization rate. Significant renovations have been completed, including HVAC upgrades and the addition of two new main street frontages with a handicap-accessible ramp entrance in 2021. The property benefits from a solid rental history, with both commercial and residential units consistently leased. Its prime location on Main Street in Janesville offers excellent visibility and accessibility, situated just 10 minutes from Mankato via the four-lane Highway 14. The asking price is $349,000, representing an owner-user opportunity with net leases in place. This turnkey investment features a newly renovated interior and a strong tenant base, making it an attractive option for investors seeking a stable, high-performing asset in a desirable location. The property is located at 121 N Main St, Janesville, MN 56048, within Waseca County.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $85,000

    • CAP approach

      CAP return
      Estimation
      6%
      $100,000
      6.5%
      $95,000
      7%
      $105,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $115,000
      Geo Method
      $100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $115,000
      Retail
      $110,000
      Mixed-Use
      $115,000
      Hospitality
      $105,000
      Educational
      $120,000
      Residential Income
      $95,000
      Energy
      $95,000
      Income-Based Land
      $95,000
      Food Service
      $100,000

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.7071
    Latitude
    44.1157

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $882
    $9,700
    $33,100
    $42,800
    -
    $9,700
    $33,100
    $42,800

    Comparable in this City

    • Value Estimation by Request

      102 1st St

      COMMERCIAL (GENERAL)
      102 1st St, Janesville, MN 56048
      View Details
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      216 Main St

      COMMERCIAL (GENERAL)
      216 Main St, Janesville, MN 56048-8516
      View Details
    • Value Estimation by Request

      123 Main St

      COMMERCIAL (GENERAL)
      123 Main St, Janesville, MN 56048-9538
      View Details
    • Value Estimation by Request

      Janesville, MN 56048

      COMMERCIAL (GENERAL)
      Janesville, MN 56048
      View Details
    • Value Estimation by Request

      213 Main St

      COMMERCIAL (GENERAL)
      213 Main St, Janesville, MN 56048-8515
      View Details
    • Value Estimation by Request

      208 Teal St

      COMMERCIAL (GENERAL)
      208 Teal St, 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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    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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