1425 Mickelson Dr - Medical FOR SALE


Watertown, SD 57201
$2,520,000 USD
605-881-2585
1425 Mickelson Dr, Watertown, SD for Sale
$2,520,000 USD
Medical - FOR SALE
1/1
null | 9.6% Cap Rate

Oct '26


1425 Mickelson Dr
Watertown, SD 57201


HIGHLIGHTS

  • Great revenue stream property, employee amenities include two coffee bars, large cafeteria, outside courtyard
  • Fully leased property.
  • Extensive on-site parking
  • Located in a Business Park (BP) zoning district

OVERVIEW

Currently fully leased by an international tenant. Great Revenue Stream property. For User buyers availability could be mid-2026 unless tenant exercises it's option to extend at a 3% rent increase for 12 months. Additional details available; upon execution of Confidentiality Agreement, an Executive Summary will be provided...please contact broker to proceed. Co-op brokerage is not available on this listing; brokers must register their buyer and have a commission agreement in place with their buyer.

FOR SALE DETAILS

PRICE

$2,520,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

9.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Verifications Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

R&D

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

240

LAND DETAILS

LAND ACRES

5.18 AC

LAND SF

225,641 SF

ZONING

BP (Business Park)

APN/PARCEL ID

013076

ASK ABOUT THIS PROPERTY

Jim Owenhttps://www.linkedin.com/in/jim-owen-0a01b410bMore Info
605-881-2585

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Jim Owenhttps://www.linkedin.com/in/jim-owen-0a01b410bMore Info
605-881-2585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.