138 N Main Street Janesville, MN $ 475,000
138 N Main Street
$ 475,000
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138 N Main Street

Janesville, MN, 56048
$ 475,000
Bedrooms-- Baths-- Sq 12,361

Monthly Estimate*

$ 3,281

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Commercial Property for sale in Janesville, MN

for $475,000. This 12,361 square foot building was built in 1900 on a lot size of 0.282.

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

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Commercial Active

Price

$ 475,000

Property Type

Commercial

Taxes

$ 4,434

Style

Lot Size

0.282

Year Built

1900

Town/City

Janesville

County/Region

Waseca

MLS | Web ID

7059604

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Garage Spaces 0
Year Built 1900
Tax Year 2026
Current Use Beauty/Barber Shop Commercial Professional Service Residential
Accessibility None
County Waseca
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Original Plat/Janesville Minn
Directions Follow US 14 E to County Rd 3130th St. In Waseca County. Take the County Rd 3 exit from US-14 E. Turn left onto County Rd. 3130th St. Continue to follow County Rd 3. 138 N Main will be on the left ki
City Janesville
High School District Janesville-Waldorf-Pemberton
Zoning Description Business/Commercial
Number Of Units Total 10
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 4434.62
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Partially Finished
Basement (Y/N) Y
Total Bedrooms 0
Total Baths 0
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Parking Features Unassigned
Lot Features Corner Lot
Water Source City Water/Connected
Inclusions Building Leases
Lot Size Area 0.282
Building Area Total 12361
Lot Dimensions 45x40
Waterfront Y/N N
Foundation Area 4383
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Internal Only
Street Number 1 138
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* Excluded Features
List By
Re/Max Results

Broker

dylan@dylanmaitland.com

Email

Affordability Calculator

$3,650
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,281
Monthly Property Taxes
$370
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3065305 Elementary School
3065311 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/9/2026$475,000 -3.04% Price Down
4/22/2026$489,900 Listed Price

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138 N Main Street, Janesville, MN, 56048 is a Commercial Property for sale at $475,000 with 12,361 sqft and a lot size of 0.282. 138 N Main Street was built in 1900. The property's zip code is 56048 which is in Janesville, MN