5 MapleWatertown, SD 57201

  • Commercial real estate
  • 0.06 AC
For Lease
$2/SF/YR View listing

Property Details for 5 Maple

Year built
1900
Lot size
0.06 AC
Property type
Commercial real estate
APN
9482
APU
9482

Description

This exceptional commercial property, located at 5 S Maple in Watertown, SD 57201, presents a unique opportunity for businesses seeking a prominent downtown presence. The building, constructed in 1900 and extensively renovated in 2010, boasts a total of 5,305 square feet spread across two stories. The main level offers 2,500 square feet of versatile space ideal for retail or office use, benefiting from its high-traffic location at a busy intersection. Adding significant value is a substantial basement area, exceeding 2,500 square feet, providing ample storage or additional workspace. The building's historical charm is complemented by modern updates, creating a sophisticated and functional environment. With 15-foot ceilings on the main level, the space offers a sense of grandeur and flexibility for various layouts. The property is a single-tenant space, perfect for a business seeking a unique and highly visible location in a thriving downtown area. This is an excellent opportunity to establish a strong presence in the heart of Watertown, South Dakota. The property is classified as both Traditional and Executive Office space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $477,319
    Hospitality
    $437,221
    Educational
    $363,763
    Medical
    $376,273
    Retail
    $565,854
5 Maple, Watertown, South Dakota

Location Insight

City
Watertown
County
Codington
State
South Dakota
Latitude
44.9
Longitude
-97.1133
CBSA code
47980
CBSA name
WATERTOWN, SD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,301
$20,836
$74,076
$94,912
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