15-17 1ST AVENUE SE, Watertown, SD 57201
Codington County
Key Facts
Description
Located in the heart of downtown Watertown, this historic mixed-use building at 15-17 1st Ave SE offers a strong investment opportunity with built-in income and future upside. The main level features two long-term commercial tenants providing cash flow, while the upper floor includes two, 2 bed, 1 bath apartments. The basement is in incredible condition and presents additional income-producing potential for storage or future build-out. Rich in character and local history, this property combines classic downtown charm with practical investment appeal in a prime location. Call today for more information!
Property Information
Property Type
Commercial Sale
Year Built
1904
Living Area
6,000 sq ft
MLS® Listing#
30-4824
Property Features
Financial Details
Annual Taxes
$1,214
Tax year 2025
Parcel Number
9488
Affordability Calculator
$68,000
Estimated monthly payment
$1,810/mo
Principal $272,000 · Est. interest $379,464 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 16% below the area median.
- Its price per sq ft is 66% 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 · 0.0 mi away
Grace Lutheran Church
Elementary · 0.2 mi away
Immaculate Conception School
School · 0.2 mi away
Mellette Elementary School
Elementary · 0.6 mi away
Garfield Elementary 03
Elementary · 0.8 mi away
Watertown High School
Secondary · 0.8 mi away
McKinley Elementary School
Elementary · 1.0 mi away
Watertown Middle School
School · 1.0 mi away
Watertown Intermediate School
Secondary · 1.0 mi away
Northeast Technical High School
Secondary · 1.1 mi away
Great Plains Lutheran High School
Secondary · 1.2 mi away
Watertown Christian School
School · 1.2 mi away
St. Martin's Lutheran Church
School · 1.2 mi away
Trinity Lutheran Church
School · 1.4 mi away
Lincoln Elementary School
Elementary · 1.4 mi away
Jefferson Elementary School
Elementary · 1.6 mi away
WMS Arrows
Elementary · 1.8 mi away
Lake Area Technical Institute
School · 3.0 mi away
Waverly-South Shore Elementary - 02
Secondary · 9.9 mi away
Castlewood School
Secondary · 12.8 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 |
|---|---|---|---|---|
| 200 19TH STREET SE 205, Watertown, SD | $243,900 | 2 | 2 | 1,445 |
| 200 19TH STREET SE 203, Watertown, SD | $244,900 | 2 | 2 | 1,445 |
| 182 N MAPLE STREET, Watertown, SD | $250,000 | — | — | 6,268 |
| 525 6TH AVENUE SE, Watertown, SD | $255,000 | 3 | 2 | 1,374 |
| 18 E KEMP AVENUE, Watertown, SD | $255,000 | — | — | 4,264 |
| 508 B AVENUE NE, Watertown, SD | $264,500 | — | — | 1,988 |
Moving Cost Estimate
EXIT Agents in Watertown
Listing Courtesy: HAUGAN NELSON REALTY, INC - 6058867080
Last Updated: 2026-02-09