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    114 -122 E Kemp Ave Watertown, SD 57201

    Picture of Mixed-use properties at -122 E Kemp Ave 114, Watertown, SD
    For Sale
    $2,200,000

    COMMERCIAL - Watertown, SD

    Type:Retail
    Property size:
    45,039 SF
    Lot size:
    0.77 Acres
    Days on Market:
    13
    Last Refresh:
    Dec 7 at 6:06 pm

    Property Features for 114 -122 E Kemp Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Commercial
    APN
    9502
    Size
    45,039 SF
    Lot size
    0.77 Acres

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    17
    Flooring type
    Vinyl, Carpet, Concrete, Laminate
    Building materials
    Frame, Masonry
    Roof type
    Rubber

    Better Homes and Gardens Real Estate Beyond (605) 413-7522 [email protected]

    Listing agent Brandon P Martens

    Listing date Nov 25, 2025

    MLS# 22508767 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 Mixed-Use Investment Opportunity

    Located in the heart of Watertown, this mixed-use building features a total of 22 units, combining commercial storefronts and residential apartments. Long-term tenants include Gather Coffee, Watertown Confectionary, Diamond Vogel, the local newspaper, and a tuxedo shop. The property has a strong rental history, with detailed financials available upon signing a non-disclosure agreement. The unfinished basement offers excellent potential for future expansion or added revenue streams. The property size is 45039 square feet and the lot size is 0.77 acres. The zoning is commercial. This property presents a rare chance to own one of downtown's cornerstone income properties.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Watertown
    County
    Codington
    State
    South Dakota
    Longitude
    -97.11168727
    Latitude
    44.89966897

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in the heart of Watertown with long-term tenants.
    Where is this mixed-use property located?
    The property is located at 114 -122 E Kemp Ave Watertown, SD.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Strong rental history with detailed financials available upon signing an NDA.; - **Prime location in the heart of Watertown.**; - Mixed-use building with a combination of commercial storefronts and residential apartments.
    (605) 413-7522
    Request Owner's contact information
    114 -122 E Kemp Ave Watertown, SD 57201
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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
    114 -122 E Kemp Ave Watertown, SD 57201
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