138 N Main St, Janesville, MN 56048

Strong mixed-use investment opportunity in the heart of downtown Janesville. This iconic 1900s building offers a stabilized asset with immediate income, seven apartment units, and a long-term commercial tenant in place. The property includes 7 residential units and 3 commercial suites.

Major capital improvements and deferred maintenance items have already been addressed, including over $70,000 in RTU upgrades—creating a near turn-key investment with reduced near-term capital needs.

The property currently generates $6,324 per month in rental income, with additional upside potential through two vacant office suites. The lower level provides approximately 2,500 square feet of additional space, offering flexibility for storage, future tenant use, or expanded income opportunities—adding further value-add potential for investors.