121 Main St, Janesville, MN 56048

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.