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    15 1St St NW Watertown, SD 57201

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    For Lease
    $19 SF/Yr ($3,087 /Mo)

    Retail space in a vibrant downtown location with onsite parking.

    Property size:
    1,900 SF
    Lot size:
    0.67 Acres

    Property Features for 15 1St St NW

    General Information

    Size
    1,900 SF
    Lot size
    0.67 Acres

    Source: Bender Commercial Agent Alex Soundy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Watertown Retail Space Available

    This is a newly reclaimed mixed-use property located in downtown Watertown. The property features main level retail space with onsite parking and building signage available. It is situated in a vibrant downtown location near restaurants, shopping, and entertainment. A tenant improvement allowance of $25.00 per square foot is available.
    Location Intelligence

    Current Use by Public Records

    MarketPlace Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Codington
    State
    South Dakota
    Longitude
    -97.1165621
    Latitude
    44.9012934

    Nearby Similar for Lease

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    • $19 SF/Yr
      2,382 SF

      Watertown Office Space For Lease

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    • $6 SF/Yr
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      Watertown Shop Space Near I-29

      6,600 SF shop space near I-29 in Watertown.
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    FAQs

    What type of property is this?
    Retail space - Retail space in a vibrant downtown location with onsite parking.
    Where is this retail space located?
    The property is located at 15 1St St NW Watertown, SD.
    What is the lease rate?
    The lease rate is $19 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) 376-3700
    Request Owner's contact information
    15 1St St NW Watertown, SD 57201
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    Watertown, SD 57201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 1St St NW Watertown, SD 57201
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