138 N Main St, Janesville, MN 56048
For Lease
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.