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    2nd Addition Rauville, SD 57201

    Sponsored
    For Sale
    $3,144,599

    Prime 3.39-acre commercial lot on Hwy 212.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 206,474 square foot commercial land parcel is located in Watertown, South Dakota, specifically Lot 1 & Lot 2 Centerpointe 2nd Addition, and is priced at $3,144,599.02, or $15.23 per square foot. Situated conveniently along Highway 212, a major transportation corridor, this property offers unparalleled access and visibility for businesses. Its strategic location provides easy access to a variety of amenities, making it an ideal site for a wide range of commercial ventures. The 3.39-acre lot presents a unique opportunity for developers and entrepreneurs seeking a prime location to establish a thriving business. The property's size and location make it suitable for a variety of commercial uses, offering significant potential for return on investment. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable location with excellent access and visibility. The property's potential for growth and development is significant, making it an attractive investment for those seeking a strong foothold in the Watertown commercial market. The land is ready for development, presenting a blank canvas for a visionary project. Don't miss this chance to secure a prime piece of commercial real estate in a thriving South Dakota community.

    Property Features for 2nd Addition

    General Information

    Property type
    Land

    HighLights

    • 206,474 SF commercial land parcel in Watertown, SD (Lots 1 & 2, Centerpointe 2nd Addition).
    • Priced at $3,144,599.02 ($15.23/SF).
    • Located on Highway 212, offering high visibility and accessibility.
    • 3.39‑acre lot ideal for various commercial uses.
    • Ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rauville
    County
    Codington
    State
    South Dakota
    Longitude
    -97.076794184649
    Latitude
    44.890026860887

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    FAQs

    What type of property is this?
    Land - Prime 3.39-acre commercial lot on Hwy 212.
    Where is this land located?
    The property is located at 2nd Addition Rauville, SD.
    What is the asking price?
    The asking price for this property is $3,144,599.
    What are key features of this property?
    This property features: 206,474 SF commercial land parcel in Watertown, SD (Lots 1 & 2, Centerpointe 2nd Addition).; Priced at $3,144,599.02 ($15.23/SF).; Located on Highway 212, offering high visibility and accessibility.
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    2nd Addition Rauville, 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
    2nd Addition Rauville, SD 57201
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