2-Unit Mixed-Use
New
For Sale
$369,900
205 S 3rd Street, Watertown, WI 53094
Both occupants are interested in continuing their tenancies, including a fitness center and a remodeled office suite.
Property Size6,640 SF
Price / SF$55.71
Days on Market6
Property Features for 205 S 3rd Street
General Information
Standard status
Active
Size
6,640 SF
Taxes and HOA fees
Annual Taxes
$2,034
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Design Realty
Listed By:
Jessica Janssen · License #9058008
(920) 819-2158
Source:
Exprealty
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 3:07PM
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 Design Realty
Investment Insights
Based on property information with market context.
The 6,640-square-foot building contains two tenant spaces: a 5,800-square-foot fitness center and an 800-square-foot office suite. The fitness center has two bathrooms, an interior office and a basement used for mechanical equipment. Its exercise equipment belongs to the tenant and is not part of the sale. The office suite has been fully remodeled and includes a bathroom and full-size basement. A new rooftop HVAC system was installed in 2025. The fitness center lease includes escalating rent through July 2030.
The property is in Watertown’s historic downtown district, just over a block from Main Street, along a north-south route through the city. The sale covers the building only. Both tenants are interested in continuing their occupancy.
The property is in Watertown’s historic downtown district, just over a block from Main Street, along a north-south route through the city. The sale covers the building only. Both tenants are interested in continuing their occupancy.
Key Highlights
- Two‑unit building totaling 6,640 square feet
- Fitness center occupies 5,800 square feet; office suite totals 800 square feet
- Fitness center lease has rent escalations through July 2030
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Explore this area
Business Placement
Demographics for 53094, WI
18,510
Population
7,387
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
88.8 sq mi
ZIP Area
208
Density / Sq Mi
$71,973
Median Household Income
$40,673
Median Earnings
$1,039
Median Rent
$223,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Both occupants are interested in continuing their tenancies, including a fitness center and a remodeled office suite.
Where is this mixed-use property located?
The property is located at 205 S 3rd Street Watertown, WI.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑unit building totaling 6,640 square feet; Fitness center occupies 5,800 square feet; office suite totals 800 square feet; Fitness center lease has rent escalations through July 2030
