Property profile

138 N Main St Janesville, MN 56048

FOR LEASE
Apartments (Generic)
Property ID
US46-2446911
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Property summary

AI-generated overview

A mixed-use building located in downtown Janesville, constructed in the 1900s, combining residential and commercial space. The structure includes 7 apartment units and 3 commercial suites, with two additional office suites that are vacant. A long-term State Farm commercial tenant has historically occupied one or more commercial suites. The property is situated on a 0.282-acre lot and includes a lower level with more than 2,500 square feet of space suited for storage, future tenant use, or other income-producing uses. Capital improvements have been completed, including room-type unit (RTU) upgrades exceeding $70,000.

Property profile

Verified
Property type Apartments (Generic)
APN 14.100.1810
UPID US46-2446911

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Barber Shop
  • Trucking Company
  • Insurance Agency

Location

138 N Main St Janesville, MN 56048
Janesville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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