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Investment Highlights

  • Zoning flexibility: O-1 Office/Multiple Family and R-1 Single-Family Residential
  • Nearby everyday amenities including grocery, pharmacy, hardware, restaurants, and convenience retail
  • Just 0.43 miles from the Court St/Crosby Ave commercial node
  • Strong residential setting near Janesville Country Club, Riverside Golf Course, and Riverside Park

Executive Summary

9.23-acre residential development opportunity on Waveland Road in Janesville, WI, just west of the Court Street/Crosby Avenue commercial node. The site includes two parcels, with 21 Waveland zoned O-1 for office/multiple family use and 51 Waveland zoned R-1 single-family residential. With nearby grocery, pharmacy, hardware, restaurants, golf, parks, and established residential neighborhoods, this property offers a practical infill opportunity for housing or a complementary mixed residential concept.

Property Facts

Price $437,500
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 9.23 AC
Zoning R1 O1

1 Lot Available

Lot

Price $437,500
Price Per AC $47,399.78
Lot Size 9.23 AC

Two parcels sold together 9.23 combined acreage. Zoned R-1 and O-1 Parcels 0134300015 0134300016

Description

9.23 AC two-parcel development land for sale in Janesville, WI. Whether you are looking to develop a single large-scale facility or utilize the two-parcel setup for a multi-phase business park, 21 & 51 S Waveland Rd provides the versatility today’s investors demand. The property features level topography and proximity to major utility connections, streamlining the path from acquisition to vertical construction. Located near high-profile industrial neighbors and key transport routes, this is a premier opportunity to capitalize on the demand for mid- to large-scale industrial space in Rock County.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
  • Listing ID: 40109666

  • Date on Market: 4/10/2026

  • Last Updated:

  • Address: 21 & 51 Waveland Rd, Janesville, WI 53548

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