About This Home

This 0-bedroom, 0-bathroom commercial at 138 N Main Street in Janesville, MN is listed for $450,000. Built in 1900, on a 0.28 acres lot.

Key Features

  • Built in 1900
  • 0.28 acre lot

Property Details

1900

Amenities

A/C
Listing Description

Strong mixed-use investment opportunity in the heart of downtown Janesville. This iconic 1900s building offers a stabilized asset with improved tenancy, renovated apartment units, and a long-term State Farm commercial tenant in place. The property includes 7 apartment units and 3 commercial suites.

Major capital improvements and deferred maintenance items have already been addressed, including more than $70,000 in RTU upgrades, creating a near-turnkey investment opportunity with reduced near-term capital needs. The property currently generates $6,324 per month in rental income, with additional upside through two vacant office suites. The lower level provides 2,500+ sq. ft. of additional space for storage, future tenant use, or other income-producing possibities, offering further value-add potential for an investor

Monthly Cost Estimate

$2,407/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,950
Insurance$131

Estimates only. Actual payments may vary.

Location

138 N Main Street

Janesville, MN 56048

Original Plat/Janesville Minn

Property Details

Parking

Assigned

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 138 N Main Street is listed at $450,000. The estimated monthly payment is $2,406 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.28 acre lot.

This property is listed by Dylan A Maitland.

DM

Dylan A Maitland

Agent at RE/MAX Results

Listed by RE/MAX Results · Broker phone: (952) 829-2900 · View on Broker Site · Broker website

MLS# 7059604· Source: Northstar MLS· 194 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

138 N Main Street, Janesville, MN 56048

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