Hospitality

Sioux Falls, SD Hospitality Properties for Sale

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Tea, SD Harrisburg, SD Renner, SD Hartford, SD Brandon, SD Rowena, SD Worthing, SD Lennox, SD
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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Sioux Falls Commercial Property For Sale
Updated: Nov 21, 2025
Sioux Falls Commercial Property For Sale

1000 South Grange Avenue, 1201 W. 18th Street, Sioux Falls, SD 57104

$3,200,000
High 3‑year average Cap Rate: 10%
Substantial 3‑year average EBITDA: $321,000
Strong GRM: 3.87X's
Two buildings on a large 0.80 AC lot
Building #2 includes an elevator
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Full-Service Hotel with Waterpark
Full-Service Hotel with Waterpark

1301 W Russell St, Sioux Falls, SD 57104

Contact for pricing

Fee simple sale of a 150-key Ramada by Wyndham hotel with an indoor waterpark and 5,000 sq. ft. of event space.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 3 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, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

60-Unit Hotel with Event Space
60-Unit Hotel with Event Space

Le Mars, IA 51031

$1,399,999
2.30 AC lot

Three-floor hotel with 60 rooms, interior corridors, and an attached 1,800 SF event room with private bathroom and utilities.

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60-Unit Hotel in LeMars, Iowa
60-Unit Hotel in LeMars, Iowa

1201 Hawkeye Ave SW, Le Mars, IA 51031

Contact for pricing
23,869 sqft

60-unit hotel with event room in high-traffic area.

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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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Historic Hotel Building with Retail Space
Historic Hotel Building with Retail Space

525 6th Street, Sioux City, IA 51101

Contact for pricing
1.50 AC lot

Restored 1930s hotel building offers about 12,400 SF of commercial space with potential subdivision and ample parking.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Lakefront Recreation Lot with Boat Lift
Lakefront Recreation Lot with Boat Lift

21425 Sunset Trail, Lake Preston, SD 57249

$193,800
0.46 AC lot

Manageable lakefront lot with utilities on site, approximately 75 feet of shoreline, and a boat lift for seasonal water use.

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Lakeshore Recreation Land Parcel
Lakeshore Recreation Land Parcel

Tripp, Fulda, MN 56131

$124,900
9.30 AC lot

Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

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B-3 Zoned Commercial Land Lot
B-3 Zoned Commercial Land Lot

Huron, SD 57350

$675,000

B-3 zoned commercial land in a developing Huron area, positioned near the city’s main thoroughfare for flexible business use.

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Waterfront Land with Highway Frontage
Waterfront Land with Highway Frontage

446th Ave, Waubay, SD 57273

$75,000
4.51 AC lot

Recreation-focused acreage with US Highway 12 frontage near Blue Dog Lake and nearby public fishing access points.

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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

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

5410 Granite Ln, Sioux Falls, SD 57107-0868

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

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

Value Estimation by Request
42,232 sqft 0.73 AC lot
View details
1009 Dike Dr
MOTEL

1009 Dike Dr, Sioux Falls, SD 57104

Value Estimation by Request
0.15 AC lot
View details
3208 Carolyn Ave
HOTEL

3208 Carolyn Ave, Sioux Falls, SD 57106-0727

$4,665,000
Estimated value
33,125 sqft 1.13 AC lot
View details
4304 Empire Pl
HOTEL

4304 Empire Pl, Sioux Falls, SD 57106-6525

$5,050,000
Estimated value
54,098 sqft 1.97 AC lot
View details
4300 Empire Pl
HOTEL

4300 Empire Pl, Sioux Falls, SD 57106-6525

$6,005,000
Estimated value
62,664 sqft 1.94 AC lot
View details
4509 Empire Pl
HOTEL

4509 Empire Pl, Sioux Falls, SD 57106-6506

$6,235,000
Estimated value
42,553 sqft 2.15 AC lot
View details
4035 Bobhalla Dr
HOTEL

4035 Bobhalla Dr, Sioux Falls, SD 57107-6414

$985,000
Estimated value
46,488 sqft 2.45 AC lot
View details
1500 Kiwanis Ave
HOTEL

1500 Kiwanis Ave, Sioux Falls, SD 57104-1000

$2,790,000
Estimated value
28,686 sqft 1.51 AC lot
View details
3101 Russell St
HOTEL

3101 Russell St, Sioux Falls, SD 57107-0709

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

3500 Gtwy Blvd, Sioux Falls, SD 57106-1558

$5,875,000
Estimated value
32,860 sqft 2.47 AC lot
View details
3009 Russell St
MOTEL

3009 Russell St, Sioux Falls, SD 57107-0707

$2,400,000
Estimated value
23,678 sqft 1.91 AC lot
View details
3508 Gtwy Blvd
HOTEL

3508 Gtwy Blvd, Sioux Falls, SD 57106-1558

$3,110,000
Estimated value
30,232 sqft 2.12 AC lot
View details
3200 Mdw Ave
HOTEL

3200 Mdw Ave, Sioux Falls, SD 57106-0940

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

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

$3,840,000
Estimated value
75,319 sqft 2.92 AC lot
View details
4521 41st St
HOTEL

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

$5,840,000
Estimated value
59,687 sqft 1.99 AC lot
View details
4100 Shirley Pl
HOTEL

4100 Shirley Pl, Sioux Falls, SD 57106-0707

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

1301 Russell St, Sioux Falls, SD 57104-1326

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

1211 Darryl Pl, Sioux Falls, SD 57110-7414

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

2401 Russell St, Sioux Falls, SD 57104-1129

Value Estimation by Request
10,702 sqft 1.42 AC lot
View details

Sioux Falls, SD Hospitality Properties Market Trends and Statistics

Explore 68 hospitality properties for sale in Sioux Falls, SD, showcased through 3 active listings on our real estate platform.

Sale prices for hospitality properties in Sioux Falls, SD start at $3,200,000, averaging $3,550,000, and reaching up to $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 4
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
57104 $3.4M
57107 $4.6M

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%

Listings Trend

New vs delisted commercial listings in Minnehaha County

New Delisted

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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