114 -122 E Kemp Ave, Watertown, SD 57201

$2,200,000

$2,200,000

Est.Price: ?

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Est. payment /mo

45,039 SqFt


SOLD DATE : 02/17/2026

Key Details

Sold Price $2,200,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 45,039 sqft

Price per Sqft $48

Subdivision Other - Outside Jurisdiction

MLS Listing ID 22508767

Year Built 1900

Annual Tax Amount $11,050

Lot Size 0.770 Acres

Property Sub-Type Retail

Property Description

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

State SD

County Other (out Of Jurisdiction)

Area Other

Zoning Commercial

Interior

Flooring Carpet, Vinyl, Concrete, Laminate, Luxury Vinyl Plank

Exterior

Roof Type Rubber

Building

Story 2.0

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Realtor Association of the Sioux Empire, Inc. (RASE)
LIsted by Better Homes and Gardens Real Estate Beyond • Brandon Martens
Bought with Non-Member Sales

NEARBY SCHOOLS & BUSINESSES

Brandon Martens

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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