Two-Unit Mixed-Use
For Lease
$349,500
205 S 3rd St, Watertown, WI 53094
Commercial zoning and separate fitness and office spaces provide two distinct commercial occupancies.
Space SizeContact for details
Property Size6,640 SF
Days on Market35
Property Features for 205 S 3rd St
General Information
Standard status
Active
Size
6,640 SF
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$2,034
Building Details
Building Size
6,640 SF
Year Built
1960
Listing Agency:
Deb DeFere Real Estate LLC
Listed By:
Deb DeFere
(262) 646-0593
Source:
Defererealestate
Added: Sep 21
Changed: Oct 24
Last Checked: Oct 24 at 2:35PM
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 Deb DeFere Real Estate LLC
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Investment Insights
Based on property information with market context.
The 6,640-square-foot building contains two commercial units: a 5,800-square-foot fitness space and an 800-square-foot office suite. The office has been remodeled and includes a bathroom and full-size basement. The fitness unit has two bathrooms, an interior office and a basement used for mechanical equipment. Rooftop HVAC was replaced in 2025, and the building dates to 1960. Commercial zoning applies.
The property is in the historic downtown district, just over a block from Main Street, on a north-south route through the city. Both units have long-term tenants who are interested in continuing their occupancy.
The property is in the historic downtown district, just over a block from Main Street, on a north-south route through the city. Both units have long-term tenants who are interested in continuing their occupancy.
Key Highlights
- Two commercial units totaling 6,640 square feet
- Fitness space measures 5,800 square feet; office suite measures 800 square feet
- Remodeled office suite includes a bathroom and full‑size basement
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
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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 - Commercial zoning and separate fitness and office spaces provide two distinct commercial occupancies.
Where is this mixed-use property located?
The property is located at 205 S 3rd St Watertown, WI.
What is the lease rate?
The lease rate is $349,500.
What are key features of this property?
This property features: Two commercial units totaling 6,640 square feet; Fitness space measures 5,800 square feet; office suite measures 800 square feet; Remodeled office suite includes a bathroom and full‑size basement
