1321 Ct St Janesville, WI 53548-3538
For Sale
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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.
The B3 General Commercial District is intended to accommodate those motorist oriented commercial activities which may be incompatible with uses in other business districts, and whose service area is not confined to any one neighborhood or community, This district is generally located along major commercial arterials
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B3 · Janesville, WIThe B3 General Commercial District is intended to accommodate those motorist oriented commercial activities which may be incompatible with uses in other business districts, and whose service area is not confined to any one neighborhood or community, This district is generally located along major commercial arterials
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
