Mixed-Use Building with
For Sale
Contact for pricing
Pending
16 W Kemp Ave, Watertown, SD 57201
Older mixed-use building featuring a ground-floor restaurant and residential units.
Property Size9,700 SF
Days on Market893
Property Features for 16 W Kemp Ave
General Information
Standard status
Pending
Size
9,700 SF
Property subtype
Mixed Use, Multifamily, Retail
Additional Details
Business Included
Yes
Building Details
Year Built
1904
Listing Agency:
eXp Realty
(605) 880-1575
Listed By:
Todd Syhre · License #SD 20428
Source:
Crexi
Added: Feb 20, 2024
Changed: Jul 23
Last Checked: Jul 24 at 4:27PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This older, one-of-a-kind mixed-use building combines a ground-floor restaurant with residential units above. The property’s layout supports dual use in a single structure, with the restaurant operating at street level and the residential space providing additional income potential.
Located at 16 W Kemp Ave in Watertown, South Dakota, the building is positioned to serve the local market with both dining and housing under one roof. The combination of restaurant space and residential units creates a diversified property profile that may appeal to owners looking for multiple revenue streams.
If you’re considering a mixed-use asset in Watertown, this property offers an established restaurant component alongside residential living space within the same building.
Located at 16 W Kemp Ave in Watertown, South Dakota, the building is positioned to serve the local market with both dining and housing under one roof. The combination of restaurant space and residential units creates a diversified property profile that may appeal to owners looking for multiple revenue streams.
If you’re considering a mixed-use asset in Watertown, this property offers an established restaurant component alongside residential living space within the same building.
Key Highlights
- Built in 1904, this older mixed‑use building blends historic character with modern use.
- Ground‑floor restaurant is established and operates as part of the property’s mixed‑use setup.
- Includes residential units in addition to the ground‑floor restaurant.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Older mixed-use building featuring a ground-floor restaurant and residential units.
Where is this mixed-use property located?
The property is located at 16 W Kemp Ave Watertown, SD.
What are key features of this property?
This property features: Built in 1904, this older mixed‑use building blends historic character with modern use.; Ground‑floor restaurant is established and operates as part of the property’s mixed‑use setup.; Includes residential units in addition to the ground‑floor restaurant.
