Search
Fitness Studio with Finished Lower Level
For Lease
$199,900

117 S 3rd St, Watertown, WI 53094

Mirrored walls, hardwood flooring, and two bathrooms complement the property's flexible interior layout.

Space SizeContact for details
Property Size1,500 SF
Days on Market403

Property Features for 117 S 3rd St

General Information

Standard status Active
Size 1,500 SF
Total Parking Spaces 2
Zoning Comm

Additional Details

Currently Operating Yes

Taxes and HOA fees

Annual Taxes $1,408

Building Details

Building Size 1,500 SF
Year Built 1920
Listing Agency: Deb DeFere Real Estate LLC
Listed By: Deb DeFere
Source: Defererealestate
Added: Sep 18, 2025 Changed: Oct 24 Last Checked: Oct 24 at 3:21PM

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 Deb DeFere Real Estate LLC

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This downtown fitness space has an open main floor with hardwood flooring, mirrored walls, and natural light. A full bathroom serves the first floor, while the finished lower level includes a second bathroom, lounge areas, and rooms suited to office or storage use. The property is currently used as a karate studio and was built in 1920.

Located in Watertown's central business district, the property is zoned Comm and has nearby parking and pedestrian traffic.

Key Highlights

  • Open main level with hardwood floors, mirrored walls, and natural light
  • Finished lower level with lounge areas and flexible rooms
  • Two bathrooms, including one on each level

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Authentic Ancient Arts ... Sports School

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

798
Businesses Nearby
Balanced
Demand for This Use

Demographics for 53094, WI

18,510
Population
7,387
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
88.8 sq mi
ZIP Area
208
Density / Sq Mi
$71,973
Median Household Income
$40,673
Median Earnings
$1,039
Median Rent
$223,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • The Gym — 612 S Church St, Watertown, WI 53094
  • Watertown Area YMCA — 415 S 8th St, Watertown, WI 53094
  • Project Fitness — 209 S 3rd St, Watertown, WI 53094
  • Stade Michael — Watertown, WI 53094
  • Pine Hill Farm: wellness collective + market — 118 n water st, watertown, wi 53094

Frequently Asked Questions

What type of property is this?
Fitness center & gym - Mirrored walls, hardwood flooring, and two bathrooms complement the property's flexible interior layout.
Where is this fitness center & gym located?
The property is located at 117 S 3rd St Watertown, WI.
What is the lease rate?
The lease rate is $199,900.
What are key features of this property?
This property features: Open main level with hardwood floors, mirrored walls, and natural light; Finished lower level with lounge areas and flexible rooms; Two bathrooms, including one on each level
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved