1725 Delavan Dr, Janesville, WI 53546-2704
- Manufacturing properties
- 304,446 SF
- 20.84 lot acres
Current Use by Public Records
- Monterey Mills / Mill
- Denali Home Collection / Home Decor Store / Department Store
Property Details for 1725 Delavan Dr
- Year built
- 1900
- Lot size
- 20.84 lot acres
- Zone code
- M2
- Property type
- Manufacturing properties
- APN
- 306200003
- APU
- 306200003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 6, 2026 | — | Phoenix Janesville Industrial | — | Deed · related | $56M |
| Dec 4, 2025 | $7,375,000 | Phoenix Janesville Industrial Inves | Monterey Mills Wi Holdings LLC | Special Warranty Deed | $5.7M · Starion Bank |
| Sep 29, 2021 | $7,375,000 | Monterely Mills Wi Holdings LLC | Olson Capital Investments LLC | Warranty Deed | $8.4M · Citizens Community Bank |
| Sep 6, 2016 | — | Olson Capital Investments LLC | — | Deed · related | $320k · Cibm Bank |
| Mar 22, 2005 | $6,300,000 | Olson Capital Investments LLC | Monterey Mills INC | Warranty Deed | $5M · State Financial Bank NA |
Description
This exceptional investment opportunity presents a 315,926 square foot manufacturing building situated on a 17.8-acre lot in Janesville, Wisconsin. The property, built in 1900 and boasting solid steel construction, features 20-foot ceilings, eight dock-high doors, and six loading docks. Currently 100% occupied under an absolute NNN lease with a long-term tenant, Monterey Mills, who has occupied the facility since 2005 and recently completed building improvements. The lease has seven years remaining. The property is zoned M2 and offers a compelling cap rate of 7.95% at an asking price of $8,025,000 ($25.40/sq ft). Its prime location on East Delavan Drive, a main thoroughfare in Janesville, provides excellent visibility and accessibility. The property benefits from its proximity to major transportation arteries, including I-90 and I-39, making it strategically positioned within Southern Wisconsin's thriving industrial landscape. This offering presents a rare opportunity to acquire a well-maintained, high-performing asset significantly below replacement cost. The established tenant and long-term lease provide a secure and stable income stream, making this an attractive addition to any investment portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,505,000
- ML approach
- $6,555,000
-
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $5,215,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Janesville
- County
- Rock
- State
- Wisconsin
- Longitude
- -88.9999
- Latitude
- 42.6676
- CBSA code
- 27500
- CBSA name
- JANESVILLE, WI METROPOLITAN STATISTICAL AREA
