Listed by NAI North Star
$389,000
Janesville Mixed Use Investment - Main Street North
Details
Property Type Retail, Mixed Use
Sub Type Restaurant, Commercial
Square Footage 5,297
Units 4
Cap Rate 13.95%
NOI $54,283
Occupancy 100%
Lease Type Net
Year Built 1989
Year Renovated 2021
Investment Type Core
Ownership Owner/User
Retail | 13.95% 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
- 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
Listing Contacts
Listed by NAI North Star
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,283.47
$4,523.62/mo
Valuation Metrics
0
DSCR
13.95%
Cap Rate
13.95%
ROI
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