I-29 Us-212 Watertown, SD 57201
Exceptional commercial land opportunity in Watertown, South Dakota, totaling 32 acres. This strategically located property boasts unparalleled visibility at the sole northbound I-29 entrance to Watertown, placing it directly on US Highway 212. Benefit from high traffic counts, attracting both interstate travelers between Sioux Falls and Fargo, and local traffic. Multiple lot sizes and pricing are available to accommodate diverse development needs, allowing for flexibility in purchase options, including the possibility of a bulk sale of the entire parcel. The seller is willing to contribute to infrastructure improvements based on the chosen lot size and location. Covenants prohibit the sale of petroleum products, offering a unique advantage given its proximity to a large truck stop across Highway 212. Watertown, South Dakota's fifth-largest city, provides a strong economic base with diverse employment sectors including management, education, healthcare, manufacturing, and retail, supported by a robust housing market with a projected increase in occupancy. This presents a compelling investment opportunity for developers and investors seeking high-traffic exposure and flexible development options in a growing South Dakota community. The property is zoned for agricultural use. First buyer receives the best deal.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.