$450,000$
138 N Main Street
Janesville, MN, 56048
About 138 N Main Street
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 Provided Courtesy of RE/MAX Results
138 N Main Street Property Details
Price:
$450,000
MLS #:
NST7059604
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subdivision:
Original Plat/Janesville Minn
Listed Date:
Apr 21, 2026
Total Sq Ft:
12,361
Lot Size:
12,284 sqft / 0.28 acres (approx)
Year Built:
1900
Schools
School District:
Janesville-Waldorf-Pemberton
Interior Features
Cooling
Central Air
Heating
Forced Air
Exterior & Lot Features
Accessibility Features
None
Exterior Features
Stone
Lot Features
Corner Lot
Parking Features
Unassigned
Property Taxes & Financial Details
Tax Year
2026
Taxes
$4,435
Location
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138 N Main Street
Janesville, MN




