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State Farm Insurance 138 N Main St 9,178 SF 100% Leased Retail Building Janesville, MN 56048 $667,317 CAD ($72.71 CAD/SF)
Executive Summary
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 possibilities, offering further value-add potential for an investor
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,178 SF
Building Class
C
Year Built
1900
Price
$667,317 CAD
Price Per SF
$72.71 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.75
Lot Size
0.28 AC
Zoning
Commercial & Multi-Family - Business/Commercial, Residential-Multi-Family 10 Units MLS#7059604
Amenities
- Corner Lot
- Signage
- Storage Space
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 14.100.1810 | Improvements Assessment | $322,400 CAD |
| Land Assessment | $26,536 CAD | Total Assessment | $348,936 CAD |
Property Taxes
Parcel Number
14.100.1810
Land Assessment
$26,536 CAD
Improvements Assessment
$322,400 CAD
Total Assessment
$348,936 CAD
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State Farm Insurance | 138 N Main St
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