101 N BROADWAY STREET, Watertown, SD 57201
Codington County
Key Facts
Description
The Guest House on Broadway - Turnkey Extended-Stay Property in the Heart of Watertown The Guest House on Broadway offers a rare opportunity to own a well-maintained, income-producing extended-stay property in downtown Watertown, SD. Designed for flexibility and comfort, it provides quality accommodations for guests seeking short-term living with the convenience of a central location. Located in the heart of town, The Guest House gives residents easy access to all that Watertown has to offer--from dining and shopping to local attractions and events. The property features recently updated guest rooms, a leased on-site restaurant generating steady income, and a spacious upstairs event area with a bar and dance floor--perfect for private parties, birthdays, anniversaries, and community gatherings. Also included is an adjacent vacant lot, offering exciting potential for future development such as expanded lodging, parking, or a new business venture. Ideal for a hands-on owner or ambitious couple, this property combines lifestyle and investment with multiple revenue streams and room to grow in one of Watertown's most visible and active commercial corridors.
Property Information
Property Type
Commercial Sale
Year Built
1964
Living Area
35,976 sq ft
Lot Dimensions
90,464 SQ FT
MLS® Listing#
41-136
Property Features
Financial Details
Annual Taxes
$14,062
Tax year 2026
Parcel Number
6313
Affordability Calculator
$375,000
Estimated monthly payment
$9,980/mo
Principal $1,500,000 · Est. interest $2,092,633 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Watertown, SD
- $403,571
- Median Listing Price
- 69
- Median Days on Market
- 2,250
- Median Sq Ft
- $166
- Median Price / Sq Ft
- 105
- Active Listings
- This home’s price is 365% above the area median.
- Its price per sq ft is 69% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Watertown, SD.
Location
Getting Around
Points of Interest in Watertown, SD
Showing the Watertown area map.
Nearby Schools
Jack & Jill Pre-School
School · 0.2 mi away
Grace Lutheran Church
Elementary · 0.4 mi away
Immaculate Conception School
School · 0.4 mi away
Mellette Elementary School
Elementary · 0.4 mi away
Watertown High School
Secondary · 0.8 mi away
Garfield Elementary 03
Elementary · 0.9 mi away
Watertown Middle School
School · 0.9 mi away
Watertown Intermediate School
Secondary · 1.0 mi away
McKinley Elementary School
Elementary · 1.0 mi away
Watertown Christian School
School · 1.0 mi away
Great Plains Lutheran High School
Secondary · 1.0 mi away
St. Martin's Lutheran Church
School · 1.0 mi away
Northeast Technical High School
Secondary · 1.0 mi away
Lincoln Elementary School
Elementary · 1.3 mi away
Jefferson Elementary School
Elementary · 1.4 mi away
Trinity Lutheran Church
School · 1.5 mi away
WMS Arrows
Elementary · 1.6 mi away
Lake Area Technical Institute
School · 2.8 mi away
Waverly-South Shore Elementary - 02
Secondary · 9.7 mi away
Castlewood School
Secondary · 13.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 620 N LAKE DRIVE, Watertown, SD | $1,399,000 | 4 | 4 | 5,574 |
| 2ND STREET NW, Watertown, SD | $1,485,000 | — | — | — |
| 532 S LAKE DRIVE, Watertown, SD | $1,495,000 | 5 | 4 | 3,448 |
| 103 5TH STREET NE, Watertown, SD | $1,750,000 | — | — | 3,360 |
| 103 5TH STREET NE, Watertown, SD | $1,750,000 | — | — | 3,360 |
| 103 5th St, Watertown, SD | $1,750,000 | — | — | 3,360 |
Moving Cost Estimate
EXIT Agents in Watertown
Listing Courtesy: SoDak Realty, LLC - 6058682851
Last Updated: 2026-03-23