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Property profile & analytics
OFF-MARKET
Land

I-29 Us-212 Watertown, SD 57201

32 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 32 ac (1,393,920 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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