Watertown, SD Commercial Real Estate for Lease and Sale

Explore 17 listings of Watertown commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

109 9th Ave SW

109 9th Ave SW, Watertown, SD
Property

VacantLand
For Sale

$1,700,000
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LOT 2 CENTERPOINT ADD CITY LANDS 33-117-52

LOT 2 CENTERPOINT ADD CITY LANDS 33-117-52, Watertown, SD
Property

VacantLand
For Sale

$2,248,989.73
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Marts

1 South Broadway, Watertown, SD
Property

Office

6,437 SF
For Sale

$639,000
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LOT 3 BLOCK 1 MORRIS 1ST ADD CITY LANDS 33-117-52

LOT 3 BLOCK 1 MORRIS 1ST ADD CITY LANDS 33-117-52, Watertown, SD
Property

VacantLand
For Sale

$729,664.85
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LOTS 4-5 WILLOW CREEK VILLAGE 2ND ADDITION CITY LANDS 33-117-52

LOTS 4-5 WILLOW CREEK VILLAGE 2ND ADDITION CITY LANDS 33-117-52, Watertown, SD
Property

VacantLand
For Sale

$1,271,124.36
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N270' THAT PT OL 6 LY S LOT H1 (WILLOW CREEK DR) LESS E66' W1482.7' USING PERPENDICULAR LINE & LESS S15' N270' CITY LANDS 33-117-52

N270' THAT PT OL 6 LY S LOT H1 (WILLOW CREEK DR) LESS E66' W1482.7' USING PERPENDICULAR LINE & LESS S15' N270' CITY LANDS 33-117-52, Watertown, SD
Property

VacantLand
For Sale

$2,768,272.85
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LOT 1 WILLOW CREEK VILLAGE 2ND ADDITION CITY LANDS 33-117-52

LOT 1 WILLOW CREEK VILLAGE 2ND ADDITION CITY LANDS 33-117-52, Watertown, SD
Property

VacantLand
For Sale

$510,832.48
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Stix & Brix

1425 9th Ave SW, Watertown, SD
Property

Office

13,476 SF
Year Built

1956
For Sale

$1,500,000
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Shopko Redevelopment Watertown

700 9th Avenue SE, Watertown, SD
Property

Retail

66,777 SF
Availability

2 Spaces

5,434 SF
For Lease

$16.00/SF/YR
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PT OL 6 LY N LOT H1 (WILLOW CREEK DRIVE) CITY LANDS 33-117-52

PT OL 6 LY N LOT H1 (WILLOW CREEK DRIVE) CITY LANDS 33-117-52, Watertown, SD
Property

VacantLand
For Sale

$3,976,487.86
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Harry's Brix & Stix

16 West Kemp Avenue, Watertown, SD
Property

Retail

9,700 SF
Year Built

1904
For Sale

$725,000
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Three Acorns

1 West Kemp Avenue, 2 East Kemp Avenue & 6-8 South Broadway Street, Watertown, SD
Property

Office

40,714 SF
Year Built

1920
For Sale

$1,500,000
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OL 2 N1/2 SE1/4 & ABANDONED RR ROW NW1/4 SE1/4 LESS LOT H1 CITY LANDS 33-117-52

OL 2 N1/2 SE1/4 & ABANDONED RR ROW NW1/4 SE1/4 LESS LOT H1 CITY LANDS 33-117-52, Watertown, SD
Property

VacantLand
For Sale

$1,082,082.67
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15437

15437, Watertown, SD
Property

VacantLand
For Sale

$698,702.4
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18968

18968, Watertown, SD
Property

VacantLand
For Sale

$36,152
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19187

19187, Watertown, SD
Property

VacantLand
For Sale

$141,396
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13235

13235, Watertown, SD
Property

VacantLand
For Sale

$2,671,099.2
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Watertown commercial real estate market incorporates 60,627 square feet of office space across 3 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Watertown commercial real estate market includes 76,477 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Watertown market, there is a total of 22,664 square feet of industrial property.

The listing inventory in Watertown incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Watertown is represented by Retail space, which accounts for 5,434 square feet of available listings.

Meanwhile, most of the listings of commercial property for sale in Watertown are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Watertown, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $16 per square foot.

The average size of a commercial property in Watertown depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Watertown, the average size of an office property is 20,209 square feet.
Retail properties here incorporate an average of 38,239 square feet.
Industrial space in Watertown is in buildings that are, on average 22,664 square feet in size.

Watertown, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Watertown currently add up to 5,434 square feet. Local retail availability includes 5,434 square feet across 1 retail space(s).

Property Type	Count of Listings	Total SF
Retail	1	5,434

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Watertown, SD. Currently, there is 92,991 square feet of commercial property for sale here , which includes 3 office building(s) for sale , 1 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	3	60,627
Retail	1	9,700
Industrial	1	22,664

Watertown, SD Commercial Real Estate for Lease and Sale

109 9th Ave SW

LOT 2 CENTERPOINT ADD CITY LANDS 33-117-52

Marts

LOT 3 BLOCK 1 MORRIS 1ST ADD CITY LANDS 33-117-52

LOTS 4-5 WILLOW CREEK VILLAGE 2ND ADDITION CITY LANDS 33-117-52

N270' THAT PT OL 6 LY S LOT H1 (WILLOW CREEK DR) LESS E66' W1482.7' USING PERPENDICULAR LINE & LESS S15' N270' CITY LANDS 33-117-52

LOT 1 WILLOW CREEK VILLAGE 2ND ADDITION CITY LANDS 33-117-52

Stix & Brix

Shopko Redevelopment Watertown

PT OL 6 LY N LOT H1 (WILLOW CREEK DRIVE) CITY LANDS 33-117-52

Harry's Brix & Stix

Three Acorns

OL 2 N1/2 SE1/4 & ABANDONED RR ROW NW1/4 SE1/4 LESS LOT H1 CITY LANDS 33-117-52

15437

18968

19187

13235

Frequently Asked Questions

Watertown, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Watertown, SD Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Watertown, SD?

What factors affect the price of commercial real estate in Watertown, SD?

What are the best areas for commercial real estate in Watertown, SD?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Watertown, SD?

Watertown, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us