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Parkside Place Mixed-Use Building
For Sale
Contact for pricing
Pending

8 2nd St NE, Watertown, SD 57201

Contemporary property combining residential apartments with fully occupied retail space.

Property SizeContact for details
Days on Market146

Property Features for 8 2nd St NE

General Information

Standard status Pending
Property subtype Mixed Use, Multifamily, Retail

Building Details

Year Built 2021
Buildings 1
Listing Agency: eXp Realty
Listed By: Todd Syhre · License #SD 20428
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 1 at 7:22PM

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.

Parkside Place is a mixed-use building completed in 2021, combining residential apartments with retail space in one contemporary property. The configuration brings apartment and commercial uses together within a single building, with the retail component fully occupied.

Located at 8 2nd St NE in Watertown, South Dakota, the property offers an established mixed-use format that incorporates both residential and storefront space. Its newer construction and combination of uses provide a straightforward profile for evaluating a multifamily and retail asset together.

Key Highlights

  • Mixed‑use building completed in 2021
  • Residential apartments and retail space in one property
  • Retail spaces are fully occupied

Property Analytics

Current Use

Quick Care Midtown Medical Clinic Downtown Drug Watertown Pharmacy NATE, the Communications Infrastructure ... Charitable Organization Veeder's Collision Center Auto Repair Shop

Suggested Use

Top Pick Daycare Center Skin Care Clinic Locksmith Carpet & Flooring Store Barber Shop Tech Support 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.

Location Intelligence

Trade Area within ½ mile

851
Businesses Nearby

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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Contemporary property combining residential apartments with fully occupied retail space.
Where is this mixed-use property located?
The property is located at 8 2nd St NE Watertown, SD.
What are key features of this property?
This property features: Mixed‑use building completed in 2021; Residential apartments and retail space in one property; Retail spaces are fully occupied
(605) 880-1575 Call to check price and availability
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