205 S 3rd St, Watertown, WI 53094 - Photo 1

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$349,500 -$20,400 (-5.52%) Price Reduced

For Sale
Active
Retail
6,640 Sq. Ft.
Updated 5 hours ago

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Property Description

6,640 sf downtown commercial building. This is a property or building sale only. Fitness center & all of the equipment is owned by the tenant & is NOT included in the sale of the building. Fitness Center is under an escalating lease thru July 2030. The property is a 2-unit commercial building w/ fitness center 5800 sf in one unit, & an 800-sf office suite in the other. Both are long term tenants looking to continue. The office unit is fully remodeled w/ bathroom & full-size basement. The fitness center includes 2 bathrooms, an internal office space & basement used for mechanical items. Building is updated w/ all mechanicals incl: new rooftop HVAC 2025. Building is located in the historic downtown district, just over a block from Main St. on main artery running across city North to South.

Full Property Details

Full Property Details for 205 S 3rd St

General

Price: $349,500
Taxes: $2,034 (2025)
Status: Active
Type: Retail
Source: MetroMLS_Milwaukee_Wirex
MLS ID: 1981585
Updated: 10/12/2026
Added to Site: 20 day(s) ago

Additional Information

Other Features: 220-Volt Power, Display Window, Fixtures, Handicap Access, Inside Storage, Office(s), Restrooms, Security Equipment, Security Lighting

Location

Municipality: City
County: Jefferson
Driving Directions: Main Street to 3rd Street, South on 3rd to property on left
Dist. to Freeway: Less than 1 Mile
Location Details: Business District

Heating & Cooling

Heating/Cooling: Central Air Conditioning, Forced Air, Individual Heating Units, Natural Gas

Utilities

Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

Structure Type: Office(s), Professional Service, Retail, Special Purpose, Storage, Warehouse, Wholesale
Exterior Const.: Brick, Low Maintenance Trim
Basement Desc.: Block, Partial
Roof: Rubber
Ceiling Height: 16 to 20 Feet
Drive-In Clearance: No Truck Door
Stories Description: 1
Square Feet: 6,640
Year Built: 1960

Lot Features

Lot Size (Acres): 0.15
Frontage: High Visibility, Town/City Road
Zoning: Commercial

Financial Considerations

For Sale/Rent/Lease: For Lease Only
Tax Amount: $2,034
Tax Year: 2025

Listed by Design Realty, LLC

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Schools

Schools serving 205 S 3rd St

School District:Watertown School District

Name	Grades	Distance
Lincoln Elementary School, Watertown, WI 210 North Montgomery Street, Watertown, WI 53094	PK-2	0.5 mi
Webster Elementary School, Watertown, WI 634 South 12th Street, Watertown, WI 53094	PK-5	0.7 mi
Douglas Elementary School, Watertown, WI 1101 Prospect Street, Watertown, WI 53098	K-5	0.9 mi
Riverside Middle School, Watertown, WI 131 Hall Street, Watertown, WI 53094	6-8	0.9 mi
Watertown High School 825 Endeavour Drive, Watertown, WI 53098	9-12	1.2 mi
Schurz Elementary School 1508 Neenah Street, Watertown, WI 53094	PK-5	1.1 mi
Lebanon Elementary School, Watertown, WI W4712 County Road O, Watertown, WI 53098	K-5	5.3 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 205 S 3rd St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/12/2026

Price Reduced

$349,500

-5.52%

MLS

9/22/2026

Listed

$369,900

201.96%

MLS

1/18/2022

Sold

$122,500

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 205 S 3rd St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$2,321

12%

$141,400

—

2024

$2,081

-36%

$141,400

-23%

2023

$3,232

—

$183,000

—

2022

$3,246

-20%

$183,000

14%

2021

$4,046

—

$160,000

—

2020

$4,046

$160,000

—

2019

$3,952

$160,000

—

2018

$3,844

$160,000

—

2017

$3,652

-19%

$160,000

—

2016

$4,509

27%

$160,000

—

2015

$3,562

-33%

$160,000

—

2014

$5,354

—

$160,000

-31%

2013

$5,354

—

$231,600

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 205 S 3rd St

205 S 3rd St, Watertown, WI 53094 (MLS# 1981585) is a Retail property. 205 S 3rd St is currently listed for $349,500 and was received on September 22, 2026. Want to learn more about 205 S 3rd St? Do you have questions about finding other Retail real estate for sale in Watertown? You can browse all Watertown real estate or contact a Coldwell Banker agent to request more information.

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205 S 3rd St Watertown, WI 53094