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    1051 Park St Sturgis, SD 57785

    For Sale
    $899,000

    Business/Land/Building(s) - Sturgis, SD

    Property size:
    2,976 SF
    Lot size:
    0.41 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 1051 Park St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    Parking Lot
    Interior features
    Furnished, Laundry, Living Quarters
    Basement Y/N
    1
    Size
    2,976 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Electric (Heating), Natural Gas

    Building Details

    Architectural style
    Other

    Great Peaks Realty Munro & Gran LLC (605) 209-2052 [email protected]

    Listing agent Casey Raftevold (605) 717-7325

    Listing date Dec 4, 2025

    MLS# 84358 Listing URL

    Copyright © 2025 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sturgis Income-Generating Motel Opportunity

    The South Pine Motel is an income-generating property located minutes from Main Street in Sturgis, South Dakota. This property includes 6 single unit cabins, 3 studio apartments, and a 3 bedroom home. The motel also features on-site laundry facilities, an outdoor shower, and ample parking space. There are 4 RV sites complete with full hook-ups and a spacious garage. New roofs and gutters were completed on all units in 2020. The property is fully equipped with all appliances, beds, and some furniture. It is positioned to generate monthly income and seasonal profits, especially during peak tourist seasons. The property size is 2976 square feet on a lot of 0.41 acres. The property is located in the heart of Sturgis's vibrant tourist scene and is highly sought-after during the annual Motorcycle Rally. The property is completely turn-key and ready for immediate operation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    South Pine Motel Motel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Sturgis Motel, South Pine Motel, Sturgis Fairgrounds, Executive Lodging of Black Hls, Sturgis Lodge and Suites

    Location Insight

    • Map
    • Local Demand
    City
    Sturgis
    County
    Meade
    State
    South Dakota
    Longitude
    -103.51002
    Latitude
    44.404346

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    FAQs

    What type of property is this?
    Motel - Income-generating motel with cabins, apartments, home, and RV sites.
    Where is this motel located?
    The property is located at 1051 Park St Sturgis, SD.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Income-generating motel property located minutes from Sturgis Main Street.; - Includes 6 single unit cabins, 3 studio apartments, and a **3-bedroom owner's home**.; - Features **4 RV sites with full hook-ups** and a spacious garage.
    (605) 717-7325
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    1051 Park St Sturgis, SD 57785
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1051 Park St Sturgis, SD 57785
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