114 - 122 E KEMP AVENUE, Watertown, SD 57201

$2,200,000
Property Type: Commercial Square Footage: 45,039 Status: Active
Current Price: $2,200,000 List Date: 10/19/2025 Last Modified: 10/19/2025

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!

More Information MLS# 30-4790

Contract Information

Sale/Lease: Sale Record Number: 9502 Terms: Cash at closing Possession: UPON CLOSING City/Rural: City Book Section: Commercial Begin Date: 2025-10-13 List Price: $2,200,000 Current Price: $2,200,000

General Property Description

Realtor.COM Type: Commercial Lot Size: 165 X 200 Number of Units: 22 Property Name: Woolworth's Building Total SqFt.: 45039 Year Built: 1911

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

Taxes: 11050.5 Tax Year: 2025 Legal: LOTS 1-4 BLK 10 ORIGINAL PLAT Zoning: Commercial

Utilities

Sewer: City Water: Public

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: Active Status Change Date: 2025-10-19
Listing Office: HAUGAN NELSON REALTY, INC
Last Updated: October - 19 - 2025
Information deemed reliable but not guaranteed.