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$1,070,000

  • Sold
  • Closed
  • Commercial
  • 7,040 Sq. Ft.
  • 2.5 Acres
  • Updated 11 hours ago
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HUGE PRICE REDUCTION - MOTIVATED SELLER. PRICE IS FIRM. Exceptional townhome development opportunity in the growing community of Watertown. This fully platted development consists of 12 individually platted townhome lots (12 separate PIDs) with 5 existing units and approvals for 7 additional units. The existing residences include four 2BR/2BA units and one 3BR/2BA unit, each offering 1,408 finished sq. ft., walkout lower levels, and attached two-car garages. Numerous capital improvements have been completed, including newer windows and entry doors, a roof approximately 9 years old, and many units featuring updated kitchens, HVAC systems, bathroom vanities, and flooring. Tenants pay all utilities, providing an attractive investment opportunity. The remaining 7 lots offer excellent development potential, with the southern three lots accommodating larger 22' x 48' building footprints and the northern four lots designed for expansive 22' x 66' footprints - allowing substantially larger townhomes than the existing units. Utilities are available in the street, reducing future development costs. A rare opportunity to acquire an income-producing asset with significant expansion potential.

Full Property Details for 417 Hunter Dr

General

  • Sold For: $1,070,000
  • Taxes: $12,641 (2025)
  • Status: Closed
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7113000
  • Added to Site: 82 day(s) ago

Parking

  • Garage: Yes
  • Garage Description: 20 x 20 Each Unit
  • Garage Spaces: 10
  • Parking Features: Parking Lot, Tuckunder Garage

School Information

  • School District: 111 - Watertown-Mayer
  • High School District: Watertown-Mayer

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected, City Sewer in Street
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate

Financial Considerations

  • Operating Expenses: $20,500
  • Tax Amount: $12,641
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Common Area Maintenance, Exterior Maintenance, Grounds Care, Insurance, Repairs, Roof Maintenance, Snow Removal, Taxes
  • Tenant Pays: All Utilities, Broadband, Cable TV, Electricity, Gas, Heat, Hot Water, Sewer, Trash Collection, Water
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Heat: Tenant Pays
  • Pays Trash: Tenant Pays
  • Pays Water: Tenant Pays

Disclosures and Reports

  • Legal Description: SUBDIVISIONNAME SUGARBUSH 2ND ADDITION LOT 005 BLOCK 001 SUBDIVISIONCD 85421 SECTION 09 TOWNSHIP 117 RANGE 025
  • Inclusions: Building, Fixture/Equipment
  • Property ID: 854210050

Listed by Dane Arthur Real Estate Agency
Sold by RE/MAX Advantage Plus

Listing agents

— 417 Hunter Dr —

  • Dane Arthur Real Estate Agency

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 417 Hunter Dr

School District:Watertown-Mayer Public School District
NameGradesDistance
Watertown-Mayer Elementary School
500 Paul Avenue, Watertown, MN 55388
1-50.7 mi
Watertown-Mayer Middle School
1001 Minnesota 25, Watertown, MN 55388
6-81.4 mi
Watertown Mayer High School
1001 Minnesota 25, Watertown, MN 55388
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 417 Hunter Dr

Date
Details
Price
Change
Source
10/08/2026
Sold
$1,070,000
-2.73%
MLS
8/25/2026
Price Reduced
$1,100,000
-31.03%
MLS
7/20/2026
Listed
$1,595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Dane Arthur Real Estate Agency
Sold by RE/MAX Advantage Plus

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417 Hunter Drive, Watertown, MN 55388 (MLS# 7113000) is a Commercial property that was sold at $1,070,000 on October 08, 2026. Want to learn more about 417 Hunter Drive? Do you have questions about finding other Commercial real estate for sale in Watertown? You can browse all Watertown real estate or contact a Coldwell Banker agent to request more information.