Industrial condos offer alternative to leasing for small businesses
(Published Monday, September 10, 2007 12:10:12 PM CST)
A d v e r t i s e m e n t
Gazette Staff
It's a commercial building, but it looks like a condominium.
Actually, the two units under construction on Janesville's north side are industrial condos, and they're ideal for the small business owner or hobbyists who want to own a building, one of the developers said.
Bill Mears of Coldwell Banker Commercial McGuire Mears & Associates in Janesville negotiated the sale of 4 acres in the Newville Industrial Park to the Madison-based JP Partners LLC for the development of the condos at 4200 Commercial Drive, just off Highway 14.
Plans call for up to 14 industrial condos, with two already under construction.
An artist's rendering shows what 14 new industrial condos will look like when construction on the city's north side is complete. Industrial condos are ideal for small business owners who want to own their own office space rather than lease it. Units start at $85,000.
Submitted photo
Each building is 50 feet by 50 feet and is divided into two units each measuring 1,250 square feet. Improvements include a 13-foot drive-in door, insulation, finished interior walls, lighting, floor drain and plumbing stubbed and ready for finishing.
"It is ideal for the little guy that wants to own," said Mike Johnson, a partner in the development. "With interest rates low, our condos offer the small business person or hobbyist an alternative to leasing.
"And, where can you buy a fully set up industrial building measuring 1,250 square feet?"
Units are available for $85,000, and developers will add an office and bathroom for an additional $10,000.
For more information, contact Mears at (608) 752-6325.
