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23rd St SE, Watertown, SD 57201

2.13-acre commercial parcel with high visibility and development potential.

Property SizeContact for details
Lot Size2.13 Acres
Days on Market932

Property Features for 23rd St SE

General Information

Standard status Active
Lot size 2.13 Acres
Property subtype Land
Zoning C-3
Listing Agency: eXp Realty
Listed By: Todd Syhre · License #SD 20428
Source: Crexi
Added: Feb 20, 2024 Changed: Sep 3 Last Checked: Sep 8 at 5:44AM

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.

This 2.13-acre commercial parcel is located just off highly traveled Highway 212, offering accessibility and development potential in Watertown's active corridors. The property's proximity to a major transportation route ensures visibility, access, and traffic flow, which are beneficial for commercial success. The site's size allows for various commercial uses, including retail, quick-service restaurants, medical facilities, offices, hospitality, or service-oriented developments. Positioned to serve local residents and regional traffic, this property offers exposure and convenience. As commercial growth continues along the Highway 212 corridor, opportunities of this size and location remain limited. This parcel presents a strategic opportunity for developers, owner-users, and investors looking to establish a presence in a high-demand market. The location provides access, visibility, and long-term potential.

Key Highlights

  • Outstanding accessibility and visibility due to its location just off Highway 212.
  • High development potential for various commercial uses.
  • Located in one of Watertown’s most active commercial corridors.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Hair Salon Electrical Service Plumbing Service Restaurant Storage Facility

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

108
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - 2.13-acre commercial parcel with high visibility and development potential.
Where is this commercial land located?
The property is located at 23rd St SE Watertown, SD.
What is the asking price?
The asking price for this property is $1,252,567.
What are key features of this property?
This property features: Outstanding accessibility and visibility due to its location just off Highway 212.; High development potential for various commercial uses.; Located in one of Watertown’s most active commercial corridors.
(605) 880-1575 Call to check price and availability
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