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Two-Story Office Building For Sale
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Pending

1435 33rd St SE, Watertown, SD 57201

30,240 SqFt office building on 4.43 acres in Watertown, SD.

Property Size30,240 SF
Lot Size4.43 Acres
Days on Market1082

Property Features for 1435 33rd St SE

General Information

Standard status Pending
Size 30,240 SF
Lot size 4.43 Acres
Property subtype Office

Building Details

Year Built 2000
Listing Agency: Owen Companies. Inc.
Listed By: JIM OWEN · License #SD 3067
Source: Crexi
Added: Aug 16, 2023 Changed: Jul 10 Last Checked: Aug 1 at 8:15AM

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 Owen Companies. Inc.

Investment Insights

Based on property information with market context.

This two-story building features steel and concrete block construction with a brick facade. Two horizontal fenestration bands provide passive solar heat gain and sun exposure during the winter. The building has a total floor area of 30,240 SqFt and is situated on 4.43 acres. Asphalt parking provides 273 spaces, totaling 58,900 SqFt. Restrooms and kitchenettes are located on both floors, and Cat5 cabling is installed throughout. The property is located in Watertown, the fifth largest city in the state. Watertown is situated on two recreational lakes and is served by Interstate I-29 and US Highways 81 and 212, approximately halfway between Sioux Falls, SD, and Fargo, ND. The surrounding area is primarily agricultural, and the city is home to Mount Marty University and Lake Area Technical College. The local workforce is well-educated and hard-working. The area is known for a high level of work ethic and an educated, motivated workforce drawn from the surrounding farming communities and the local technical college. South Dakota is known for its "accent neutral" speech, which is desirable for call center-type operations.

Key Highlights

  • Large 30,240 SqFt building on 4.43 acres with 273 parking spaces.
  • South Dakota offers a favorable tax climate, ranked second lowest in the nation.
  • Modern construction, built in 2000, features steel and concrete block, brick façade, and Cat5 cabling.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Garden Center Grocery & Convenience Store Bakery Kitchen & Bath Showroom

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

202
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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - 30,240 SqFt office building on 4.43 acres in Watertown, SD.
Where is this office building located?
The property is located at 1435 33rd St SE Watertown, SD.
What is the asking price?
The asking price for this property is $2,520,000.
What are key features of this property?
This property features: Large 30,240 SqFt building on 4.43 acres with 273 parking spaces.; South Dakota offers a favorable tax climate, ranked second lowest in the nation.; Modern construction, built in 2000, features steel and concrete block, brick façade, and Cat5 cabling.
More about this property
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