114-122 E Kemp & 9-15 2nd ST SE

Situated in the vibrant city of Watertown, SD, the area surrounding the property is characterized by a blend of commercial and residential spaces. With its prime location, the property offers convenient access to a range of amenities, including popular dining spots, retail destinations, and recreational facilities. Investors will appreciate the close proximity to notable attractions such as the Bramble Park Zoo, the Watertown Mall, and the Redlin Art Center, making it an ideal location for a Multi-use Building investment. The area's dynamic mix of businesses and services creates an appealing environment for potential tenants seeking a strategically located workspace in the heart of Watertown.Prime Mixed-Use Investment Opportunity in the Heart of Downtown Watertown Step into a piece of Watertown history with this exceptional mixed-use property, offering six fully leased commercial units and 12 well-maintained residential apartments, located on a prominent downtown corner at 114–122 E Kemp Ave and 9–15 2nd St SE. Built between 1890-1918 and owned by only two proprietors in its lifetime, this landmark building boasts timeless character, solid construction, and strong income potential. With over 45,000 square feet above ground and an additional 20,000+ square feet in the basement, the scale and versatility of this property are unmatched. Residential Breakdown: 1 Spacious 3-Bedroom Unit – Approx. 1,800 sq ft 4 Two-Bedroom Units – Ranging from 660–700 sq ft 6 One-Bedroom Units – Approx. 550 sq ft each 1 Studio Unit Commercial & Expansion Potential: All 6 commercial storefronts are currently leased, ensuring immediate and steady cash flow. With the extensive basement and additional main-level square footage, there is significant opportunity to develop indoor storage units or expand existing commercial operations—ideal for investors looking to increase income or diversify offerings. This is a rare opportunity to own a cornerstone property in one of Watertown's most visible and walkable districts. Whether you're looking to expand your portfolio or secure a long-term income-producing asset, this building delivers. Don’t miss your chance to own a piece of history with strong returns and future upside.