# 138 N Main Street, Janesville, MN 56048

> **TL;DR:** commercial, $450,000, built 1900.
> A/C. Est. $2,406/mo. Listed 195 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $450,000 |
| Year Built | 1900 |
| Lot Size | 12,284 sqft (0.28 acres) |
| Property Type | Commercial (Apartment) |
| Status | Active |
| Days on Market | 195 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,275 |
| Estimated Insurance | $131 |
| **Total** | **$2,406** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1900
- 0.28 acre lot

## Description

### Agent 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

## Location

- **Address:** 138 N Main Street, Janesville, MN 56048
- **County:** Waseca
- **Neighborhood:** Original Plat/Janesville Minn
- **Coordinates:** 44.116065, -93.707983
- **Google Maps:** https://www.google.com/maps?q=44.116065,-93.707983

## Listing Agent

- **Name:** Dylan A Maitland
- **Brokerage:** RE/MAX Results
- **Broker Phone:** (952) 829-2900
- **Listing URL:** [View original listing](https://results.net/real-estate/?listing_id=7059604)

## Photos

![138 N Main Street - Photo 1](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f992698178r.jpg)

![138 N Main Street - Photo 2](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f267997090r.jpg)

![138 N Main Street - Photo 3](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f1558019766r.jpg)

![138 N Main Street - Photo 4](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f1608860891r.jpg)

![138 N Main Street - Photo 5](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f2915518127r.jpg)

![138 N Main Street - Photo 6](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f90359121r.jpg)

![138 N Main Street - Photo 7](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f2195207135r.jpg)

![138 N Main Street - Photo 8](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f307295586r.jpg)

![138 N Main Street - Photo 9](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f1568521345r.jpg)

![138 N Main Street - Photo 10](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f770572820r.jpg)

![138 N Main Street - Photo 11](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f364780866r.jpg)

![138 N Main Street - Photo 12](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f1469174443r.jpg)

![138 N Main Street - Photo 13](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f2869204246r.jpg)

![138 N Main Street - Photo 14](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f54447258r.jpg)

![138 N Main Street - Photo 15](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f3532740740r.jpg)

![138 N Main Street - Photo 16](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f2558128312r.jpg)

![138 N Main Street - Photo 17](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f3591518787r.jpg)

![138 N Main Street - Photo 18](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f67518043r.jpg)

![138 N Main Street - Photo 19](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f848708445r.jpg)

![138 N Main Street - Photo 20](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f1422824082r.jpg)

![138 N Main Street - Photo 21](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f1169667992r.jpg)

![138 N Main Street - Photo 22](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f1612153700r.jpg)

![138 N Main Street - Photo 23](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f3849704182r.jpg)

![138 N Main Street - Photo 24](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f4203338392r.jpg)

![138 N Main Street - Photo 25](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f3256732005r.jpg)

![138 N Main Street - Photo 26](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f1109958377r.jpg)

![138 N Main Street - Photo 27](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f349794957r.jpg)

![138 N Main Street - Photo 28](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f858867121r.jpg)

![138 N Main Street - Photo 29](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f3944108301r.jpg)

![138 N Main Street - Photo 30](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f2289805726r.jpg)

![138 N Main Street - Photo 31](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f2411806286r.jpg)

![138 N Main Street - Photo 32](http://lh.rdcpix.com/68d932f924a669b559200b9f9ebc1865l-f2651533579r.jpg)

---

**MLS#:** 7059604 | **Updated:** 2026-10-21
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/138-n-main-street-janesville-mn-56048-e6d316348b1f4bc8a57ec632dbc04e3a)

---

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