Historic Mixed-Use Building For
For Sale
Contact for pricing
15 1st Ave SE, Watertown, SD 57201
Mixed-use building with commercial tenants and residential apartments.
Property Size6,000 SF
Price / SF$56.67
Days on Market175
Property Features for 15 1st Ave SE
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Mixed Use
Occupancy
75%
Net Operating Income
$25,430
Building Details
Year Built
1904
Buildings
1
Stories
2
Units
4
Listing Agency:
Haugan-Nelson Realty
(605) 651-5808
Listed By:
Nash Colberg · License #20559
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 10 at 1:29PM
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 Haugan-Nelson Realty
Investment Insights
Based on property information with market context.
Located in downtown Watertown, the mixed-use building at 15-17 1st Ave SE offers an investment opportunity. The main level features two long-term commercial tenants. The upper floor includes two apartments, each with 2 beds and 1 bath. The basement is in incredible condition and presents additional income-producing potential for storage or future build-out. The property size is 6000 square feet.
Key Highlights
- Prime downtown Watertown location.
- Strong investment opportunity with built‑in income.
- Two long‑term commercial tenants on the main level providing cash flow.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
130k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Superstores 34%
Shops & Services 25%
Apparel 4%
Target
Superstores
44,510 visits/mo
0.4 miles
Hy-Vee
Groceries
38,996 visits/mo
0.5 miles
Watertown #2
Shops & Services
16,206 visits/mo
0.2 miles
Cenex
Shops & Services
10,016 visits/mo
0.3 miles
Hy-Vee Wine & Spirits
Groceries
8,903 visits/mo
0.4 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with commercial tenants and residential apartments.
Where is this mixed-use property located?
The property is located at 15 1st Ave SE Watertown, SD.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Prime downtown Watertown location.; Strong investment opportunity with built‑in income.; Two long‑term commercial tenants on the main level providing cash flow.
