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    I-29 Us-212 Watertown, SD 57201

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    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

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    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
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    Watertown, SD 57201
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    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
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