Listed by NAI North Star
$442,500
Janesville Mixed Use Investment
Details
Property Type Retail, Mixed Use
Sub Type Restaurant, Commercial
Square Footage 5,297
Units 4
Cap Rate 11.34%
NOI $50,184
Occupancy 100%
Lease Type Net
Year Built 1989
Year Renovated 2021
Investment Type Core
Ownership Owner/User
Retail | 11.34% CAP | 5,297 SqFt
Marketing 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.
Investment highlights
- Newly Renovated Throughout
- 100% Occupancy
- Net Commercial Leases
- Steady Rental History for Apartments
Listing Contacts
Listed by NAI North Star
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,184.20
$4,182.02/mo
Valuation Metrics
0
DSCR
11.34%
Cap Rate
11.34%
ROI
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