For Sale: Janesville MLS# 7059604
Active
$489,900
Commercial: Other
Built 1900
0.282 acres
Janesville-Waldorf-Pember schools
MLS# 7059604
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Property 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
Listing
Listing Status:
Active
Contingency:
None
List Price:
$489,900
Property Type:
Commercial
City:
Janesville
Garage Spaces:
0
County:
Waseca
Year Built:
1900
State:
MN
Property Style:
Other
Zip Code:
56048
Subdivision Name:
Original Plat/Janesville Minn
Interior
Bedrooms:
0
Bathrooms:
0
Basement Details:
Partially Finished
Exterior
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
4,383 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Unassigned
Lot & Land
Acres:
0.282
Geolocation:
44.116065, -93.707983
Inclusions:
Building, Leases
Lot Dimensions:
45 x 40
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Schools
School District:
2835
District Phone:
5072345478
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$4,435
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$4,672
Units
Total Units:
10
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Commercial
- Professional Service
- Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.