www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30903621
30903622

315 E Kemp Ave, Watertown, SD 57201 For Sale

MB
SD 21232
NAI Sioux Falls
MM
SD SD 16008
NAI Sioux Falls
Hilco Global
Listed by NAI Sioux Falls, Hilco Global
Unpriced
132 days on market
Updated 10 days ago

Newly Constructed, 63-Unit Apartment Complex

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 95,544
Net Rentable (SqFt) 48,438
Units 63
Class A
Year Built 2025
Buildings 1
Stories 5
Acreage 0.840
Zoning C1 - Community Commercial
Parking Spaces 64 spaces
Parking per 1,000 SqFt 0.67

Well Located, Proximate to Commercial Corridor

Marketing description

Bankruptcy Sale: U.S. Bankruptcy Court District of North Dakota (Fargo) Petition No. 25-30004 In re: The Ruins, LLC

Bid Deadline: April 27 by 5:00 p.m. (CT)

On-Site Inspections: March 24, April 7 & 11 at 11:00 a.m. (CT), By Appointment Only

This property is a brand new construction offering 63 apartments in a desirable area of Watertown, South Dakota. Sitting at 90% complete, the property was built with lifestyle options in mind, as it is proximate to local and national restaurant chains, local gyms, parks and other community staples.

This is an excellent opportunity for an investor to acquire this asset, finish construction and create a new flourishing community in a growing city.

Nearly new complete apartment complex offers unique investment opportunity - https://siouxfalls.business/nearly-complete-apartment-complex-offers-unique-investment-opportunity/

Listing Contacts

MB
SD 21232
NAI Sioux Falls
MM
SD SD 16008
NAI Sioux Falls
Hilco Global
Listed by NAI Sioux Falls, Hilco Global

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Marcus Benson
License
21232
Brokerage
NAI Sioux Falls
Title
Broker Associate
Brokerage Address
2500 West 49th Street
Name
Michael Martin
License
SD 16008
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591