Janesville Mixed Use Investment - Main Street North
$389,000
121 Main Street North, Janesville, MN 56048
For Sale
Retail
Restaurant
Active
Last Updated: 07/29/2026
13.95
Cap Rate
54,283.47
NOI
Details:
Cap Rate: 13.95%
NOI: $54,283.47
Building Size: 5,297 sqft
Occupancy: 100%
Units: 4
Year Built: 1989
Floors: 2
Parking Spots: 4
Highlights:
- Newly Renovated Throughout
- New Roof - Front Half of 121 N. Main (2025)
- 100% Occupancy through October 31, 2026
- Option for Owner/User Space (Can Subdivide Parcel)
- Net Commercial Leases
- Steady Rental History for Apartments
Description:
Mixed-use newly renovated property in downtown Janesville. Two new main street frontages added in 2021 with handicap ramp entrance. 100% leased - Residential Rental history solid with both commercial and residential units consistently leased. Commercial suites are net leases, with both tenants paying base + CAM and operating.
Located on Main Street in quaint downtown Janesville - just 10 minutes outside of Mankato along 4-lane Highway 14.
Documents:
| Title | ||
|---|---|---|
| 115-121 N Main Janesville Financial Summary | ||
| rendering.html |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
