16 5TH STREET NE, Watertown, SD 57201

$165,000
Property Type: Commercial Square Footage: 1,728 Lot Size (sq. ft.): 6,534 Status: Closed
Current Price: $165,000 List Date: 1/01/2026 Last Modified: 1/08/2026

Overview

Description

Great opportunity to own a multi-use investment property located on the high traffic street of Highway 81 with a great central location. The main level is currently set up as a salon but could serve a multitude of uses such as a (3) office space plus a reception/waiting area in the front. The basement was previously rented out as a (1) bedroom apartment with it's own kitchen, living space, bathroom, and separate rear entrance. Detached 2 stall garage included. Parking spaces in both the front and rear of the building. Exterior is steel siding along with a new metal roof.

Listing Details MLS# 28-1323

Contract Information

Sale/Lease
Sale
Book Section
Commercial
Record Number
7052
Begin Date
2025-07-07
Financing
CASH
Sign
Yes
Possession
UPON CLOSING
City/Rural
City

General Property Description

Total SqFt.
1728
Year Built
1949
Realtor.COM Type
Commercial
Acres
0.15
Number of Units
2

Remarks

Public Remarks
Great opportunity to own a multi-use investment property located on the high traffic street of Highway 81 with a great central location. The main level is currently set up as a salon but could serve a multitude of uses such as a (3) office space plus a reception/waiting area in the front. The basement was previously rented out as a (1) bedroom apartment with it's own kitchen, living space, bathroom, and separate rear entrance. Detached 2 stall garage included. Parking spaces in both the front and rear of the building. Exterior is steel siding along with a new metal roof.

Location Tax and Other Information

House Number
16
Street Name
5TH
Street Suffix
STREET
Street Direction Sfx
NE
State/Province
SD
Postal Code
57201
County
Codington

Status Change Info

Status Change Date
2026-01-08
Under Contract Date
2025-12-22
Sold Date
2026-01-06

Utilities

Gas
City
Sewer
City
Water
Public

More Information

Location, Tax and Other Information

Taxes
1747.16
Tax Year
2024
Legal
LOT 15 BLOCK 6 EAST WATERTOWN ADDITION
Zoning
Commercial
Easements
SEE PRIVATE REMARKS
Listing Office: DIAMOND REALTY
Last Updated: January - 08 - 2026
Information deemed reliable but not guaranteed.