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    115 31St St NE Watertown, SD 57201

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    For Lease
    $6 SF/Yr ($3,437 /Mo)

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

    Property size:
    6,600 SF
    Lot size:
    4.00 Acres

    Property Features for 115 31St St NE

    General Information

    Size
    6,600 SF
    Lot size
    4.00 Acres

    Source: Bender Commercial Agent Bradyn Neises

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

    Overview

    Watertown Shop Space Near I-29

    This 6,600 square foot flex space, suitable for industrial or warehouse use, is available for lease. The property features an ultra-clean shop space located near I-29 in Watertown. It includes in-floor heat and a 14-foot overhead grade-level door. A new air compressor with drops along the sidewalls has been installed, along with a new 600 square foot office area. The property is equipped with 440/208 3-Phase power and a step-down transformer. A concrete apron is present, and additional paving is negotiable. The property is situated on a 1-acre site, with additional land negotiable.
    Insight Report Location Intelligence

    Current Use by Public Records

    Custom Precast Concrete Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Codington
    State
    South Dakota
    Longitude
    -97.065974
    Latitude
    44.895796

    Nearby Similar for Lease

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    • $19 SF/Yr
      2,382 SF

      Watertown Office Space For Lease

      Downtown Watertown, SD - Modern Office Suites
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    • $19 SF/Yr
      1,900 SF

      Downtown Watertown Retail Space Available

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      15 1St St NW, Watertown, SD 57201
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    FAQs

    What type of property is this?
    Flex space - 6,600 SF shop space near I-29 in Watertown.
    Where is this flex space located?
    The property is located at 115 31St St NE Watertown, SD.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Ultra clean 6,600 SF shop space near I-29.; - New 600 SF office area.; - Enjoy the comfort of in-floor heat.
    (605) 579-0189
    Request Owner's contact information
    115 31St St NE 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
    115 31St St NE Watertown, SD 57201
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