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    31st 31St St Watertown, SD 57201

    Sponsored
    For Sale
    $1,200,000

    80 Acres, I-29 Frontage, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 80-acre parcel presents a unique investment opportunity in Watertown, South Dakota. Boasting over 1500 feet of frontage along Interstate 29, this property offers unparalleled visibility and accessibility for a wide range of commercial and residential developments. Its strategic location is adjacent to the Prairie Lake Ice Arena, ensuring high traffic and convenient access to local amenities. Furthermore, the property enjoys easy access to Highway 212, providing seamless connectivity throughout the region. The South Dakota Department of Environment and Natural Resources (DENR) has issued a "Release of Reclamation Liability," simplifying the development process. The City of Watertown is actively engaged in discussions regarding future land use options, demonstrating a proactive and supportive approach to development within the area. This expansive tract is ideally suited for a variety of projects, capitalizing on its prime location and significant highway frontage. The asking price is $1,200,000. Detailed information regarding the DENR's "Release of Reclamation Liability" is available upon request. This is a rare opportunity to acquire a substantial land holding in a thriving South Dakota community with excellent infrastructure and a welcoming municipal environment. The property is zoned for both commercial and residential use, offering flexibility for diverse development plans. The address is 31st Street SE, Watertown, SD 57201.

    Property Features for 31st 31St St

    General Information

    Property type
    Land
    Lot Size
    3,484,800 SF

    HighLights

    • $1,200,000 asking price.
    • 80‑acre land parcel.
    • I‑29 frontage exceeding 1500 feet.
    • Adjacent to Prairie Lake Ice Arena.
    • Convenient access to Highway 212.
    • DENR Release of Reclamation Liability available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Codington
    State
    South Dakota
    Longitude
    -97.064872
    Latitude
    44.902851

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    FAQs

    What type of property is this?
    Land - 80 Acres, I-29 Frontage, High Visibility
    Where is this land located?
    The property is located at 31st 31St St Watertown, SD.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; 80-acre land parcel.; I-29 frontage exceeding 1500 feet.
    (605) 496-2966
    Request Owner's contact information
    31st 31St St 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
    31st 31St St Watertown, SD 57201
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