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Downtown Watertown Retail Space Available
For Lease
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15 1st St NW, Watertown, SD

Retail space in a vibrant downtown location with onsite parking.

Space Size1,900 SF
Lot Size0.67 Acres
Days on Market785

Property Features for 15 1st St NW

General Information

Standard status Active
Size 1,900 SF
Lot size 0.67 Acres
Property subtype RETAIL
Lease Type Gross

Spaces For Lease

at 15 1st St NW
15 1st St NW $19.50/SF/Yr
Floor 1
Size 1,900 SF
Type RETAIL
Lease Type GROSS
Availability AVAILABLE, Now
Sublease No
-Newly reclaimed mixed use property in downtown Watertown. -Main level retail space. -Onsite parking. Building signage available. -Vibrant downtown location near restaurants, shopping and entertainment. -$25.00/SF tenant improvement allowance. -Contact broker for additional details.
Contact us
Listing Agency: Bender Commercial
Listed By: Alex Soundy · License #18022
Source: Moodyscre
Added: Aug 23, 2024 Changed: Oct 8 Last Checked: Oct 16 at 10:12AM

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

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Investment Insights

Based on property information with market context.

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.

Key Highlights

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

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

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 $19.50 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) 376-3700 Call to check price and availability
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