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    210 Water St Watertown, WI 53094

    For Sale
    $2,490,000

    Thriving 100% occupied retail mall.

    Property size:
    28,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fully leased, 28,500 square foot shopping center located at 210 S Water St, Watertown, WI 53094. The property consists of two buildings situated on a 1.3-acre lot, encompassing fourteen individual units. Currently boasting 100% occupancy, this multi-tenant retail center offers a strong, stable income stream. The asking price is $2,490,000, translating to $87.37 per square foot. The main building houses a variety of retail shops, while an adjacent building features a shared patio area and contributes to the overall portfolio. Included in the sale is a dedicated office building. One unit is owner-occupied, providing potential for owner-user scenarios. A significant advantage is the ample parking available. This prime location is within walking distance of the new Watertown Library/Community Center and the under-construction Town Square, and sits directly across from three multi-family apartment complexes, ensuring high foot traffic and visibility. Restaurant equipment is included in the designated restaurant space. This property represents a unique opportunity to acquire a historically significant investment in a rapidly developing area of downtown Watertown.

    Property Features for 210 Water St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    28,500 SF
    Lot Size
    56,628 SF

    Building Details

    Buildings
    2
    Units
    14

    HighLights

    • Fully leased, 28,500 SF shopping center in Watertown, WI.
    • Two buildings on a 1.3‑acre lot with 14 units, currently 100% occupied.
    • Asking price: $2,490,000 ($87.37/SF).
    • Prime downtown location near new Library/Community Center, Town Square, and three apartment complexes.
    • Includes owner‑occupied unit, ample parking, and restaurant equipment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Watertown Players Theater Performing Arts Theater Spartan Enterprises and Consulting Marketing Agency C&J BBQ AND SOUL ... Restaurant Watertown Antiques & Vintage Antique Store Intrepid Technologies Computer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Jefferson
    State
    Wisconsin
    Longitude
    -88.7267683
    Latitude
    43.1926993

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    FAQs

    What type of property is this?
    Lifestyle center - Thriving 100% occupied retail mall.
    Where is this lifestyle center located?
    The property is located at 210 Water St Watertown, WI.
    What is the asking price?
    The asking price for this property is $2,490,000.
    What are key features of this property?
    This property features: Fully leased, 28,500 SF shopping center in Watertown, WI.; Two buildings on a 1.3-acre lot with 14 units, currently 100% occupied.; Asking price: $2,490,000 ($87.37/SF).
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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
    210 Water St Watertown, WI 53094
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