130 Lewis Ave, Watertown, MN 55388
This exceptional retail property at 130 Lewis Avenue South in Watertown, Minnesota presents a fantastic investment opportunity. Boasting a total of 1,584 square feet on a 0.09-acre lot, this centrally located storefront has undergone extensive recent renovations. The main floor offers a versatile layout, seamlessly blending 1,395 square feet of retail and office space at the front with a 855 square foot workshop area at the rear, complete with a convenient loading dock. The substantial updates include a completely new front facade, a durable metal roof, and upgraded attic insulation for enhanced energy efficiency. New front and back doors, a basement moisture barrier, a modern AC unit, and two updated electrical panels ensure optimal functionality and comfort. A new hot water heater completes the extensive list of improvements. The significant investment in these upgrades minimizes future maintenance concerns. Beyond the main floor, a massive 2,250 square foot warehouse space in the basement provides unparalleled storage capacity, ideal for inventory or equipment. This turnkey property is ready for immediate occupancy and poised to thrive in Watertown's vibrant downtown area. The heavy lifting is done
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 Lease
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.