31st 31St St Watertown, SD 57201
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.
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
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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.