$1,750,000
Watertown, SD 57201
MLS# 30-4790
Status: Closed
45039 sqft
1 / 1
Property Description
Prime Downtown Investment Opportunity! Located in the heart of Watertown, this mixed-use building features 22 total units — a combination of commercial storefronts and residential apartments. Long-term tenants include Gather Coffee, Watertown Confectionary, Diamond Vogel, the local newspaper, and a tuxedo shop. Strong rental history with detailed financials available upon signing an NDA. The unfinished basement offers excellent potential for future expansion or added revenue streams. A rare chance to own one of downtown's cornerstone income properties!
Details
Maps
Contract Information
Sale/Lease: Sale
Record Number: 9502
Terms: Cash at closing
Financing: Convention
Possession: UPON CLOSING
City/Rural: City
Book Section: Commercial
Begin Date: 2025-10-13
Sold Price: $1,750,000
Current Price: $1,750,000
General Property Description
Realtor.COM Type: Commercial
Lot Size: 165 X 200
Number of Units: 22
Property Name: Woolworth's Building
Total SqFt.: 45039
Year Built: 1911
Remarks
Public Remarks: Prime Downtown Investment Opportunity!
Located in the heart of Watertown, this mixed-use building features 22 total units — a combination of commercial storefronts and residential apartments. Long-term tenants include Gather Coffee, Watertown Confectionary, Diamond Vogel, the local newspaper, and a tuxedo shop. Strong rental history with detailed financials available upon signing an NDA. The unfinished basement offers excellent potential for future expansion or added revenue streams. A rare chance to own one of downtown's cornerstone income properties!
Location, Tax and Other Information
Taxes: 11050.5
Tax Year: 2025
Legal: LOTS 1-4 BLK 10 ORIGINAL PLAT
Zoning: Commercial
Utilities
Sewer: City
Water: Public
Location Tax and Other Information
House Number: 114 - 122
Street Direction Pfx: E
Street Name: KEMP
Street Suffix: AVENUE
State/Province: SD
Postal Code: 57201
County: Codington
Status Change Info
Status: Closed
Status Change Date: 2026-01-31
Under Contract Date: 2025-12-02
Sold Date: 2026-01-30
Sold Price: $1,750,000
Property Features
Listing Office: HAUGAN NELSON REALTY, INC
Last Updated: February - 01 - 2026
Information deemed reliable but not guaranteed.