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Active
$499,900
/mo Edit
Commercial:  Other
Built 1900
0.28 acres
Janesville-Waldorf-Pember schools
MLS# 6678365
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    Property Description

    Prime Mixed-Use Investment in the Heart of Downtown Janesville Don’t miss this excellent opportunity to own a centrally located mixed-use property in historic downtown Janesville. This iconic 1900s building features freshly renovated residential apartments and a long-term commercial tenant (State Farm) providing reliable income. The property currently generates $6, 340 in monthly rental revenue and has benefited from over $70, 000 in recent upgrades. Two small office vacancies and the lower level includes 2, 500+ sq. ft. of additional space—ideal for future development, storage, or added rental income.

    Listing

    Contingency: None
    City: Janesville
    County: Waseca
    State: MN
    Property Style: Other
    Zip Code: 56048
    Subdivision Name: Original Plat/Janesville Minn

    Interior

    Basement Details: Partially Finished

    Exterior

    Garage Spaces: 0
    Other Parking Spaces: 8
    Foundation Size: 4,383 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Unassigned
    Exterior Material: Brick/Stone

    Lot & Land

    Acres: 0.28
    Geolocation: 44.116065, -93.707983
    Inclusions: Building, Land, Leases
    Lot Dimensions: 45 x 140
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family
    Lot Description: Corner Lot

    Schools

    School District: 2835
    District Phone: 507-234-5478

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,560
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $4,766

    Income

    Annual Gross Income: $76,080

    Units

    Total Units: 10

    Miscellaneous

    Current Use:
    • Beauty/Barber Shop
    • Commercial
    • Professional Service
    • Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System:
    • City Sewer - In Street
    • City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System:
    • City Water - In Street
    • City Water/Connected

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    Payment:  /mo

    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.