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Downtown Three-Story Commercial Building
For Sale
$1,500,000

1 EAST KEMP AVENUE, Watertown, SD 57201

Three-story building in thriving downtown Watertown.

Days on Market561

Property Features for 1 EAST KEMP AVENUE

General Information

Standard status Active
Property subtype Commercial/Industrial

Building Details

Year Built 1904
Listing Agency: HAUGAN NELSON REALTY, INC
Listed By: JOY NELSON
Source: Exitrealty
Added: Jan 17, 2025 Changed: Jul 10 Last Checked: Aug 1 at 9:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HAUGAN NELSON REALTY, INC

Investment Insights

Based on property information with market context.

This is a three-story commercial building located in downtown Watertown. The first and third floors are currently occupied by tenants and feature recent build-outs. The second floor is available for build-out to suit a new tenant. The property is situated on a busy corner in downtown Watertown.

Key Highlights

  • Located on the busiest corner in downtown Watertown.
  • Thriving downtown location.
  • First and third floors have tenants in place.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Electrical Service Law Firm Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

839
Businesses Nearby

Demographics for 57201, SD

26,091
Population
12,304
Households
2.1
Avg Household Size
39
Median Age
21%
College-Educated
92%
High-School Grad
319.1 sq mi
ZIP Area
82
Density / Sq Mi
$64,809
Median Household Income
$40,840
Median Earnings
$903
Median Rent
$223,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three-story building in thriving downtown Watertown.
Where is this office building located?
The property is located at 1 EAST KEMP AVENUE Watertown, SD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Located on the busiest corner in downtown Watertown.; Thriving downtown location.; First and third floors have tenants in place.
More about this property
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