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Downtown Watertown Mixed-Use Property
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15 1st St NW, Watertown, SD 57201

Mixed-use property with retail space in vibrant downtown location.

Days on Market1256

Property Features for 15 1st St NW

General Information

Standard status Active
Property subtype Retail
Listing Agency: Bender Commercial
Listed By: Alex Soundy · License #SD 18022
Source: Crexi
Added: Feb 22, 2023 Changed: Jul 10 Last Checked: Jul 30 at 12:03PM

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 Bender Commercial

Investment Insights

Based on property information with market context.

This newly reclaimed mixed-use property is located in downtown Watertown. The property features main level retail space and onsite parking. Building signage is available. The location is in a vibrant downtown area, near restaurants, shopping, and entertainment. A negotiable tenant improvement allowance is available.

Key Highlights

  • Vibrant downtown location near restaurants, shopping, and entertainment.
  • Main level retail space.
  • Onsite parking.

Property Analytics

Current Use

MarketPlace Apartments Apartment Building

Suggested Use

Top Pick Skin Care Clinic Locksmith Carpet & Flooring Store Barber Shop Tech Support Center Daycare Center

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
$2.93 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

851
Businesses Nearby
20k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 89% Home Improvements & Furnishings 11%
Casey's Shops & Services
13,780 visits/mo 0.5 miles
Commerce Bank Shops & Services
2,333 visits/mo 0.2 miles
Slumberland Furniture Home Improvements & Furnishings
1,419 visits/mo 0.2 miles
First Interstate Bank Shops & Services
1,119 visits/mo 0.2 miles
Unclaimed Freight Home Improvements & Furnishings
894 visits/mo 0.1 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property with retail space in vibrant downtown location.
Where is this mixed-use property located?
The property is located at 15 1st St NW Watertown, SD.
What is the lease rate?
The lease rate is $19.50 SF/Yr.
What are key features of this property?
This property features: Vibrant downtown location near restaurants, shopping, and entertainment.; Main level retail space.; Onsite parking.
(605) 681-8351 Call to check price and availability
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