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    103 5Th St Watertown, SD 57201

    For Sale
    $1,900,000

    COMMERCIAL - Watertown, SD

    Property size:
    3,360 SF
    Lot size:
    0.58 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 11 at 5:06 pm

    Property Features for 103 5Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    11426
    Size
    3,360 SF
    Lot size
    0.58 Acres

    Building Details

    Year built
    1980

    Market First Real Estate (605) 940-6601 [email protected]

    Listing agent Tony M Cady

    Listing date Nov 6, 2025

    MLS# 22504067 Listing URL

    Copyright © 2025 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Watertown C-Store with Casino

    This is a 3,360 square foot commercial property located in Watertown, SD. Situated on a 0.5789-acre lot, this property is zoned for commercial use. The property is located at the intersection of Hwy 81 and 1st Ave. It is an exceptionally clean and recently updated convenience store with a casino. The property features a fresh exterior paint job and newly installed fuel tanks. Numerous upgrades include two new rooftop HVAC units, new coolers, a modern POS system, and new flooring throughout. The building also boasts spray foam insulation, all new lighting and wiring, a top-tier security system, and sleek new cabinets ready for quartz countertops. The casino area includes separate men's and women's restrooms. The kitchen is equipped with a brand new exhaust hood, along with new freezers and refrigerators to support food service. This is a turnkey opportunity in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CLARK Gas Station Winner's Circle Casino Casino 81 Kwik Stop Convenience Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Codington
    State
    South Dakota
    Longitude
    -97.108
    Latitude
    44.9134

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    FAQs

    What type of property is this?
    Grocery and convenience store - High-traffic convenience store with casino at a prime corner location.
    Where is this grocery and convenience store located?
    The property is located at 103 5Th St Watertown, SD.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Prime corner location at the intersection of Hwy 81 and 1st Ave in Watertown, ensuring high traffic.; - Includes a fully operational casino area with separate restrooms.; - Recently updated with new fuel tanks, exterior paint, and numerous interior upgrades.
    (605) 940-6601
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    Watertown, SD 57201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 5Th St Watertown, SD 57201
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