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138 N Main Street
Janesville MN 56048 US

$475,000

Active Listing ID 7059604
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Lot: 0.28 Acres
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$475,000

Active Listing ID 7059604
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138 N Main Street 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 possibities, offering further value-add potential for an investor

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Property Features

  • Facts
  • Lot Size: 0.28 Acres
  • Property Type: Residential
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Exterior Finish: Brick/Stone
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential
  • propertysubtype: Other
  • listprice: 475000
  • unparsedaddress: 138 N Main Street
  • postalcity: Janesville
  • stateorprovince: MN
  • country: US
  • postalcode: 56048
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.282
  • lotsizeunits: Acres
  • lotsizearea: 0.282
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 44.116065
  • longitude: -93.707983
  • listagentfullname: Dylan A Maitland
  • listagentemail: dylan@dylanmaitland.com
  • listagentkey: 3yd-RMLSMN-45171
  • listagentmlsid: 45171
  • listagentpreferredphone: (952) 829-2900
  • listofficekey: 3yd-RMLSMN-6902
  • listofficemlsid: 6902
  • disclaimer: Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1900
  • listingcontractdate: 2026-04-21
  • listagenturl: http://www.results.net
  • countyorparish: Waseca
  • parcelnumber: 141001810
  • highschooldistrict: Janesville-Waldorf-Pemberton
  • cooling: Central Air
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Assigned
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • exteriorfeatures: Brick/Stone
  • rooms: Basement
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: False
  • location: -93.707985, 44.116066
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX Results", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"dylan@dylanmaitland.com", "ListBrokerageCity":"Eden Prairie", "ListBrokerageCountry":"US", "ListBrokerageEmail":"getinfo@results.net", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/RMLSMN/c5ababc320fdd4190120fe00f06b0030/20180509171217397.png", "ListBrokerageName":"RE/MAX Results", "ListBrokeragePhone":"(952) 829-2900", "ListBrokeragePostalCode":"55344", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"11200 W 78th Street", "ListBrokerageWebsiteUrl":"http://www.results.net", "ListOfficeAddress1":"7373 Kirkwood Court N #300 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"6902", "ListOfficeCity":"Maple Grove", "ListOfficeCountry":"US", "ListOfficeEmail":"maplegrove@results.net", "ListOfficePostalCode":"55369", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"SINGLE_FAMILY - Janesville, MN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/138-N-Main-St_Janesville_MN_56048_M75479-54632?f=listhub&s=RMLSMN&m=7059604&c=rexren", "MLSModificationTimestamp":"2026-07-09 15:42:45", "Neighborhoods":[{"Description":null, "Name":"Original Plat/Janesville Minn"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4435, "TaxDescription":null, "TaxYear":"2026"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/1/2020 12:00:00 AM GMT
Source Updated Date: 8/5/2026 12:36:28 PM GMT

Courtesy of: Dylan A Maitland, RE/MAX Results, dylan@dylanmaitland.com

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.