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Corner Mixed-Use Office/Retail Building

119 N THIRD, Watertown, WI 53094

For Sale
Contact for pricing

Vacant space features private offices, two restrooms, a kitchenette, and a street-facing display window.

Property SizeContact for details
Days on Market8

Property Features for 119 N THIRD

General Information

Standard status Active
Property subtype Retail, Office
Zoning Central Business District

Site & Location

Corner Location Yes
Mixed-Use Components office, retail

Additional Details

Asking Price $325,000
Property Use Office/Retail

Amenities

private offices
two restrooms
kitchenette
street-facing display window
gas forced-air heat with zoned controls
central air
LED lighting
rubber membrane roof
updated stucco exterior

Building Details

Buildings 1
Stories 1
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 4:35PM

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.

This vacant, one-story mixed-use property combines office and retail space in downtown Watertown’s Central Business District. The 2,856 SF main level has an open office arrangement with private offices, two restrooms, a kitchenette, and a display window facing the street. A full 2,856 SF basement provides additional storage. Building systems include gas forced-air heat with zoned controls, central air, and LED lighting; the exterior has updated stucco and a rubber membrane roof.

The building occupies the corner of Third and Madison streets. It is offered for sale or lease, with lease terms of 36 to 60 months on an NNN basis. A tenant improvement allowance is available and negotiable.

Key Highlights

  • 2,856 SF main floor with open office layout and private offices
  • Full 2,856 SF basement for storage
  • Corner location at Third and Madison in downtown Watertown’s Central Business District

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.

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
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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 - Vacant space features private offices, two restrooms, a kitchenette, and a street-facing display window.
Where is this mixed-use property located?
The property is located at 119 N THIRD Watertown, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,856 SF main floor with open office layout and private offices; Full 2,856 SF basement for storage; Corner location at Third and Madison in downtown Watertown’s Central Business District
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