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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

Property Details of 138 N Main Street

Property Details

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Community

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Nearest Landvest Office

Tomahawk, WI

Tomahawk, WI

715-966-0241
1621 N. 4th Street,
Tomahawk, WI 54487
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  Based on information submitted to MLS Grid / NORTHSTAR as of June 10, 2026 8:09 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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