For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

1309 S Ohlman St Mitchell, SD 57301

Loading data...
Loading data...
Loading data...
For Sale
$1,700,000

49,768 SF motel with 93 rooms and seasonal pool.

Property size:
49,768 SF

Property Features for 1309 S Ohlman St

General Information

Size
49,768 SF

Building Details

Year built
1979

Source: Dale Zomer Agent Dale Zomer

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


Overview

49,768 SF Motel For Sale

This 49,768 square foot motel, constructed in 1979, features 93 rooms and a commercial zoning designation. The property includes a parking lot and a seasonal, heated pool. The 2024 occupancy rate is 47.94, with an ADR of $40.68 and a REV PAR of $27.46. The Gross Rent Multiplier (GRM) is 3.18Xs. The current revenue, based on a three-year average, is $597,297, with projected 2025 revenue estimated at $600,000. Real estate taxes are $15,777. The property's capitalization rate is 13%.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Motel 6 Mitchell, ... Motel

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Similar Places Nearby

Rodeway Inn, Rodeway Inn and Suites, Mitchell inn, Love Every, Event Venue, Motel 6 Mitchell, SD

Location Insight

  • Map
  • Local Demand
City
Mitchell
County
Davison
State
South Dakota
Longitude
-98.0468002
Latitude
43.6976533

FAQs

What type of property is this?
Motel - 49,768 SF motel with 93 rooms and seasonal pool.
Where is this motel located?
The property is located at 1309 S Ohlman St Mitchell, SD.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: - High Cap Rate: 13%; - Significant Building Size: 49,768 sq. ft.; - Current Revenue: $597,297 (three-year average)
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message