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1000 W 18Th St Sioux Falls, SD 57104

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For Sale
$3,200,000

Two-building commercial property with strong revenue potential in Sioux Falls.

Source: Dale Zomer Agent Dale Zomer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Sioux Falls Commercial Property For Sale

This commercial property in Sioux Falls features two buildings on a 0.80-acre lot. Building 1 was constructed in 1984, while Building 2 was built in 1994 and includes an elevator; Building 1 does not have an elevator. The property has 63 rooms and 47 parking spaces. The zoning is commercial. The real estate taxes are $29,639.04. The property's financial performance includes a 3-year average cap rate of 10% and a 3-year average EBITDA of $321,000. The current revenue from January to June is $345,312. Additional financial metrics include an ADR of $89.99, a GRM of 3.87X, and a REV PAR of $49.08.
Location Intelligence

Current Use by Public Records

Hotels

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Sioux Falls
County
Lincoln
State
South Dakota
Longitude
-96.7402073
Latitude
43.5369159

FAQs

What type of property is this?
Hotel - Two-building commercial property with strong revenue potential in Sioux Falls.
Where is this hotel located?
The property is located at 1000 W 18Th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: - High 3-year average Cap Rate: 10%; - Substantial 3-year average EBITDA: $321,000; - Strong GRM: 3.87X's
More about this property
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