1321 Court St Janesville, WI 53548-3538
- Commercial real estate
- 816 SF
- 0.15 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1321 Court St
- Year built
- 1961
- Lot size
- 0.15 lot acres
- Property size
- 816 SF
- Zone code
- B3
- Property type
- Commercial real estate
- APN
- 135300380
- APU
- 135300380
Description
This exceptional 1,488 square foot commercial building, situated on a 0.15-acre lot at 1321 W Court Street in Janesville, WI, presents a remarkable investment opportunity. The three-story brick structure boasts a prime location in a high-traffic area, making it ideal for a variety of business ventures. Currently configured for mixed-use, the upper level offers comfortable living quarters complete with a bedroom, living area, kitchen, and bathroom. The main level has a rich history of successful businesses, previously housing an insurance agency, hair salon, and stamping business, demonstrating its adaptability to diverse commercial needs. The lower level, previously used as a tattoo parlor, provides additional space suitable for another business or ample storage. The property benefits from abundant parking, ensuring convenience for both employees and customers. Recent upgrades include a new roof installed in 2023 and a new furnace in 2024, minimizing maintenance concerns and maximizing efficiency. This versatile property offers significant potential for investors seeking a strong return or owner-occupants looking for a unique blend of commercial and residential space. Its prime location and adaptable layout make it a truly exceptional opportunity. Priced at $219,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $210,000
- 6.5%
- $210,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $275,000
- Mixed-Use
- $210,000
- Hospitality
- $235,000
- Educational
- $235,000
- Residential Income
- $215,000
- Energy
- $265,000
- Income-Based Land
- $210,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Janesville
- County
- Rock
- State
- Wisconsin
- Longitude
- -89.0367
- Latitude
- 42.6792
- CBSA code
- 27500
- CBSA name
- JANESVILLE, WI METROPOLITAN STATISTICAL AREA