114 - 122 E KEMP AVENUE, Watertown, SD 57201

$1,750,000
Property Type: Commercial Square Footage: 45,039 Status: Closed
Current Price: $1,750,000 List Date: 10/19/2025 Last Modified: 2/01/2026

Overview

Description

Prime Downtown Investment Opportunity! Located in the heart of Watertown, this mixed-use building features 22 total units — a combination of commercial storefronts and residential apartments. Long-term tenants include Gather Coffee, Watertown Confectionary, Diamond Vogel, the local newspaper, and a tuxedo shop. Strong rental history with detailed financials available upon signing an NDA. The unfinished basement offers excellent potential for future expansion or added revenue streams. A rare chance to own one of downtown's cornerstone income properties!

Listing Details MLS# 30-4790

Contract Information

Sale/Lease
Sale
Book Section
Commercial
Record Number
9502
Begin Date
2025-10-13
Terms
Cash at closing
Financing
Convention
Possession
UPON CLOSING
City/Rural
City

General Property Description

Total SqFt.
45039
Year Built
1911
Realtor.COM Type
Commercial
Number of Units
22
Property Name
Woolworth's Building

Remarks

Public Remarks
Prime Downtown Investment Opportunity! Located in the heart of Watertown, this mixed-use building features 22 total units — a combination of commercial storefronts and residential apartments. Long-term tenants include Gather Coffee, Watertown Confectionary, Diamond Vogel, the local newspaper, and a tuxedo shop. Strong rental history with detailed financials available upon signing an NDA. The unfinished basement offers excellent potential for future expansion or added revenue streams. A rare chance to own one of downtown's cornerstone income properties!

Location Tax and Other Information

House Number
114 - 122
Street Direction Pfx
E
Street Name
KEMP
Street Suffix
AVENUE
State/Province
SD
Postal Code
57201
County
Codington

Status Change Info

Status Change Date
2026-01-31
Under Contract Date
2025-12-02
Sold Date
2026-01-30

Utilities

Sewer
City
Water
Public

More Information

Location, Tax and Other Information

Taxes
11050.5
Tax Year
2025
Legal
LOTS 1-4 BLK 10 ORIGINAL PLAT
Zoning
Commercial
Listing Office: HAUGAN NELSON REALTY, INC
Last Updated: February - 01 - 2026
Information deemed reliable but not guaranteed.