Hospitality

Sioux Falls, SD Hospitality Properties for Sale

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98-Room Motel for Sale
Updated: Jan 27
98-Room Motel for Sale

3200 W Russell St, Sioux Falls, SD 57107

$3,900,000
Strong Revenue: $1,377,953 (T12 June 2024)
Solid Occupancy Rate: 70% (T12 June 2024)
Attractive NOI: $274,033 (T12 June 2024)
Brand Conversion Opportunity: Hilton, IHG, and other Brands
Discount to Replacement Cost
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See hot listings in Sioux Falls

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Based on your search, we've compiled 70 Potential Opportunities for your consideration. Besides 1 Active listings in Sioux Falls, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Hotel Property with Manager Suite
Hotel Property with Manager Suite

1923 Dover St, Worthington, MN 56187

$899,000
2,921 sqft

Three-building hospitality property with 36 furnished rooms and an attached office.

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Full-Service Hotel with Indoor Pool
Full-Service Hotel with Indoor Pool

2015 N Humiston Ave, Worthington, MN 56187

$350,000

Guest-focused lodging property with meeting space, wellness amenities, recreational areas, and an on-site restaurant available for lease to an operator.

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Updated Hotel Property
Updated Hotel Property

3000 Singing Hills Boulevard, Sioux City, IA 51106

Contact for pricing
65,614 sqft

Well maintained and updated hotel with a Metro Market on-site and an I-29 highway location.

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56-Room Super 8 Hotel
56-Room Super 8 Hotel

4100 Harbor Dr, Sioux City, IA 51111

Contact for pricing

Interior-corridor lodging property positioned at an intersection location.

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Off-Market Properties in Sioux Falls, SD

Consider similar Off-Market properties in Sioux Falls, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

4501 Empire Pl
HOTEL

4501 Empire Pl, Sioux Falls, SD 57106-6506

Estimated value:
$2,235,000
29,258 sqft 1.83 AC lot
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5410 Granite Ln
HOTEL

5410 Granite Ln, Sioux Falls, SD 57107-0868

Estimated value:
$1,020,000
55,853 sqft 2.32 AC lot
View details
200 8th St
HOTEL

200 8th St, Sioux Falls, SD 57103-7041

Estimated value:
$205,000
42,232 sqft 0.73 AC lot
View details
1009 Dike Dr
MOTEL

1009 Dike Dr, Sioux Falls, SD 57104

Estimated value:
$470,000
0.15 AC lot
View details
3208 Carolyn Ave
HOTEL

3208 Carolyn Ave, Sioux Falls, SD 57106-0727

Estimated value:
$5,820,000
33,125 sqft 1.13 AC lot
View details
4304 Empire Pl
HOTEL

4304 Empire Pl, Sioux Falls, SD 57106-6525

Estimated value:
$6,230,000
54,098 sqft 1.97 AC lot
View details
4300 Empire Pl
HOTEL

4300 Empire Pl, Sioux Falls, SD 57106-6525

Estimated value:
$7,285,000
62,664 sqft 1.94 AC lot
View details
4509 Empire Pl
HOTEL

4509 Empire Pl, Sioux Falls, SD 57106-6506

Estimated value:
$7,760,000
42,553 sqft 2.15 AC lot
View details
4035 Bobhalla Dr
HOTEL

4035 Bobhalla Dr, Sioux Falls, SD 57107-6414

Estimated value:
$805,000
46,488 sqft 2.45 AC lot
View details
1500 Kiwanis Ave
HOTEL

1500 Kiwanis Ave, Sioux Falls, SD 57104-1000

Estimated value:
$3,220,000
28,686 sqft 1.51 AC lot
View details
3101 Russell St
HOTEL

3101 Russell St, Sioux Falls, SD 57107-0709

Estimated value:
$535,000
23,322 sqft 1.20 AC lot
View details
3500 Gtwy Blvd
HOTEL

3500 Gtwy Blvd, Sioux Falls, SD 57106-1558

Estimated value:
$6,530,000
32,860 sqft 2.47 AC lot
View details
3009 Russell St
MOTEL

3009 Russell St, Sioux Falls, SD 57107-0707

Estimated value:
$2,705,000
23,678 sqft 1.91 AC lot
View details
3508 Gtwy Blvd
HOTEL

3508 Gtwy Blvd, Sioux Falls, SD 57106-1558

Estimated value:
$3,550,000
30,232 sqft 2.12 AC lot
View details
3200 Mdw Ave
HOTEL

3200 Mdw Ave, Sioux Falls, SD 57106-0940

Estimated value:
$2,070,000
36,025 sqft 1.89 AC lot
View details
4935 Lk Shr Blvd
HOTEL

4935 Lk Shr Blvd, Sioux Falls, SD 57106-3517

Estimated value:
$3,940,000
75,319 sqft 2.92 AC lot
View details
4521 41st St
HOTEL

4521 41st St, Sioux Falls, SD 57106-0917

Estimated value:
$6,430,000
59,687 sqft 1.99 AC lot
View details
4100 Shirley Pl
HOTEL

4100 Shirley Pl, Sioux Falls, SD 57106-0707

Estimated value:
$1,640,000
31,901 sqft 1.07 AC lot
View details
1301 Russell St
HOTEL

1301 Russell St, Sioux Falls, SD 57104-1326

Estimated value:
$1,860,000
123,701 sqft 7.03 AC lot
View details
1211 Darryl Pl
HOTEL

1211 Darryl Pl, Sioux Falls, SD 57110-7414

Estimated value:
$1,270,000
42,758 sqft 1.98 AC lot
View details
2401 Russell St
MOTEL

2401 Russell St, Sioux Falls, SD 57104-1129

Estimated value:
$325,000
10,702 sqft 1.42 AC lot
View details
3307 Clf Ave
MOTEL

3307 Clf Ave, Sioux Falls, SD 57104-0847

Estimated value:
$315,000
4,376 sqft 0.46 AC lot
View details
1712 12th St
MOTEL

1712 12th St, Sioux Falls, SD 57104-4024

Estimated value:
$305,000
8,294 sqft 0.67 AC lot
View details

Sioux Falls, SD Hospitality Properties Market Trends and Statistics

Explore 66 hospitality properties for sale in Sioux Falls, SD on our real estate platform.

Sale prices for hospitality properties in Sioux Falls, SD average $3,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Hotels 2
Motels 1

Demographics Overview

Population 204K
Population Growth (5Y) +15.2%
Median Household Income $77,935
College Educated 16.5%

High-Yield Neighborhoods for Investment

Identify Sioux Falls submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
57107 $3.9M

Taxes & Financing

Tax Rate (average for all types) 1.71%
Property Tax per SF $30.71 per SF
Tax Rate vs County Average 0.01 pp above county avg
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Sioux Falls fall within the 50,000 to 100,000 square foot range.

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