Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    I-29 Us-212 Watertown, SD 57201

    Sponsored
    For Sale
    Contact for pricing

    32 Acres, I-29/US-212 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional commercial land opportunity in Watertown, South Dakota, totaling 32 acres. This strategically located property boasts unparalleled visibility at the sole northbound I-29 entrance to Watertown, placing it directly on US Highway 212. Benefit from high traffic counts, attracting both interstate travelers between Sioux Falls and Fargo, and local traffic. Multiple lot sizes and pricing are available to accommodate diverse development needs, allowing for flexibility in purchase options, including the possibility of a bulk sale of the entire parcel. The seller is willing to contribute to infrastructure improvements based on the chosen lot size and location. Covenants prohibit the sale of petroleum products, offering a unique advantage given its proximity to a large truck stop across Highway 212. Watertown, South Dakota's fifth-largest city, provides a strong economic base with diverse employment sectors including management, education, healthcare, manufacturing, and retail, supported by a robust housing market with a projected increase in occupancy. This presents a compelling investment opportunity for developers and investors seeking high-traffic exposure and flexible development options in a growing South Dakota community. The property is zoned for agricultural use. First buyer receives the best deal.

    Property Features for I-29 Us-212

    General Information

    Property type
    Land
    Lot Size
    1,393,920 SF

    HighLights

    • High‑visibility location at the sole northbound I‑29 entrance to the city, capturing traffic from Sioux Falls and Fargo, plus US Highway 212 frontage.
    • Flexible lot sizes and pricing; sellers open to bulk sale to developers.
    • Watertown, SD's fifth‑largest city, offers strong recreational and educational amenities (Lake Area Tech College, Mount Marty University).
    • 14:1 current housing occupancy ratio, projected to be 18:1 by 2028.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Watertown
    County
    Codington
    State
    South Dakota
    Longitude
    -97.056558571567
    Latitude
    44.886503990371

    Nearby Comparable

    • $2,520,000
      30,240 SF

      Watertown Office Building Investment

      High-yield NNN lease, 9.6% cap rate.
      1435 33Rd St, Watertown, SD 57201
      View Details
    • $6,266,106
      9.59 Acres

      Watertown Commercial Land - 9.59 Acres

      Prime Watertown location, high visibility, development ready.
      10th Ave, Watertown, SD 57201
      View Details
    • $1,082,078
      3.26 Acres

      Watertown Commercial Land - 3.26 Acres

      Prime Commercial Lot, Watertown, SD
      0 Willow Creek Dr, Watertown, SD 57201
      View Details
    • $3,144,599

      Centerpointe Commercial Land, Watertown, SD

      Prime 3.39-acre commercial lot on Hwy 212.
      2nd Addition, Rauville, SD 57201
      View Details
    • $510,829

      Watertown Commercial Lot - High Visibility

      Prime Commercial Land, High Traffic Corner, $15.23/SF
      23rd 23Rd St, Watertown, SD 57201
      View Details
    • $1,271,127
      2.13 Acres

      Willow Creek Commercial Land

      2.13 Acres, Prime Watertown Location
      23rd 23Rd St, Watertown, SD 57201
      View Details
    • $2,655,417
      8.00 Acres

      Willow Creek Commercial Land - 8 Acres

      Prime Watertown, SD commercial land. Exceptional investment opportunity.
      Dri Willow Creek Dr, Watertown, SD 57201
      View Details
    • $1,200,000
      80.00 Acres

      Prime Watertown Development Land

      80 Acres, I-29 Frontage, High Visibility
      31st 31St St, Watertown, SD 57201
      View Details
    • $3,976,489
      11.98 Acres

      Willow Creek Dr Commercial Land

      11.98 Acres, C-3 Zoned, Watertown, SD
      0 Willow Creek Dr, Watertown, SD 57201
      View Details
    • $1,745,937
      5.26 Acres

      Watertown Commercial Land - 5.26 Acres

      Prime commercial land, ideal location, development opportunity.
      Driv Willow Creek Dr, Watertown, SD 57201
      View Details
    • $1,300,000
      3,360 SF

      Prime Watertown C-Store & Gas Station

      High-traffic location, strong revenue potential.
      103 5Th St, Watertown, SD 57201
      View Details
    • $2,200,000
      45,039 SF

      Watertown Mixed-Use Investment Opportunity

      Mixed-use building in the heart of Watertown with long-term tenants.
      114 -122 E Kemp Ave, Watertown, SD 57201
      View Details

    Nearby Similar for Sale

    • $1,900,000
      3,360 SF

      Watertown C-Store with Casino

      High-traffic convenience store with casino at a prime corner location.
      103 5Th St, Watertown, SD 57201
      View Details
    • $2,200,000
      45,039 SF

      Watertown Mixed-Use Investment Opportunity

      Mixed-use building in the heart of Watertown with long-term tenants.
      114 -122 E Kemp Ave, Watertown, SD 57201
      View Details
    • $475,000
      6,888 SF

      Watertown Industrial Property For Sale

      Industrial property featuring dock doors, drive-in door, and office space.
      21 8Th Ave Southwest, Watertown, SD 57201
      View Details
    • $1,300,000
      3,360 SF

      Prime Watertown C-Store & Gas Station

      High-traffic location, strong revenue potential.
      103 5Th St, Watertown, SD 57201
      View Details
    • $725,000
      9,700 SF

      Historic Watertown Mixed-Use

      Thriving restaurant, apartments. High occupancy.
      16 Kemp Ave, Watertown, SD 57201
      View Details
    • $2,520,000
      30,240 SF

      Watertown Office Building Investment

      High-yield NNN lease, 9.6% cap rate.
      1435 33Rd St, Watertown, SD 57201
      View Details
    • $1,700,000
      52,642 SF

      Watertown Mixed-Use Portfolio

      Historic Charm, Prime Location, High Potential
      1 Kemp And 6 - 8, Watertown, SD 57201
      View Details

    FAQs

    What type of property is this?
    Land - 32 Acres, I-29/US-212 Frontage
    Where is this land located?
    The property is located at I-29 Us-212 Watertown, SD.
    What are key features of this property?
    This property features: High-visibility location at the sole northbound I-29 entrance to the city, capturing traffic from Sioux Falls and Fargo, plus US Highway 212 frontage.; Flexible lot sizes and pricing; sellers open to bulk sale to developers.; Watertown, SD's fifth-largest city, offers strong recreational and educational amenities (Lake Area Tech College, Mount Marty University).
    Request Owner's contact information
    I-29 Us-212 Watertown, SD 57201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    I-29 Us-212
    Watertown, SD 57201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    I-29 Us-212 Watertown, SD 57201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.