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Mixed-Use Office and Retail Building

119 N THIRD, Watertown, WI 53094

For Lease
Contact for pricing

The leased premises combine open workspace, enclosed offices, storage, and customer-facing display frontage.

Space Size2,856 SF
Property Size5,712 SF
Days on Market8

Property Features for 119 N THIRD

General Information

Standard status Active
Size 2,856 SF
Net Rentable 2,856 SF
Property subtype Retail, Office
Lease Type NNN

Space & Availability

Available Space 5,712 SF
Contiguous Space 5,712 SF
Floor Ground
Space Use Office
Available From Immediate

Lease Terms

Lease Rate $11 /SF/YR
Monthly Rent $5,236
Rent per SF/Year $11
CAM $3 /SF/YR
Lease Term 60 months
Flexible Term Yes

Additional Details

Corner Location Yes

Amenities

restrooms
kitchenette
display window

Building Details

Stories 1
Building Size 5,712 SF
Tenancy Single

Spaces For Lease

at 119 N THIRD
Space 1 Active
Size 2,856 SF
Contact us
Listing Agency: Blackdeer Investment Group
Listed By: Ryan Wagner · License WI #090192838
Source: Crexi
Added: Nov 2 Changed: Nov 8 Last Checked: Nov 8 at 3:23PM

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 Blackdeer Investment Group

Rey
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Investment Insights

Based on property information with market context.

Available as a full-building lease, this one-story mixed-use property contains 2,856 square feet on the main level and a 2,856-square-foot basement. The main floor includes open office area, private offices, two restrooms, a kitchenette, and a display window facing the street. Basement space is designated for storage. Building systems and finishes include gas forced-air heat with zoned controls, central air, LED lighting, and an updated stucco exterior.

At 119 N Third in Watertown, the property occupies a corner at Third and Madison in the downtown Central Business District. Lease terms are 36 to 60 months; a tenant improvement allowance is available, with terms negotiable. The space is also offered for sale.

Key Highlights

  • 2,856‑square‑foot main floor and a 2,856‑square‑foot basement
  • Open workspace, private offices, kitchenette, and two restrooms
  • Street‑facing display window

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Richards Insurance Watertown Insurance Agency

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

Single-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.65 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

798
Businesses Nearby

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 Office in Midwest region

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - The leased premises combine open workspace, enclosed offices, storage, and customer-facing display frontage.
Where is this mixed-use property located?
The property is located at 119 N THIRD Watertown, WI.
What are key features of this property?
This property features: 2,856‑square‑foot main floor and a 2,856‑square‑foot basement; Open workspace, private offices, kitchenette, and two restrooms; Street‑facing display window
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