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1300 West Russell St Sioux Falls, SD 57104

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For Sale
$3,500,000

Hospitality property with 100 rooms, great investment opportunity.

Building Details

Year built
1979

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Listing Contact
Dale Zomer
Source: Naiglobal

Listing Agent: Dale Zomer

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

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Overview

100-Room Hospitality Investment Opportunity

This hospitality property features 100 rooms. As of January 2025, all units are monthly rentals, with rents ranging from $600 to $700 per room. The projected Net Operating Income (NOI) for 2025 is $430,000. The property offers a 12% cap rate and minimal overhead with monthly rentals, presenting a great owner-occupant investment opportunity.
Location Intelligence

Current Use by Public Records

Sioux Falls Inn Hotel & Motel

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Similar Places Nearby

Sioux Falls Inn, Bare Bodkins Theatre Company, Lucky Strike Casino, Neon Casino

Location Insight

  • Map
  • Local Demand
City
Sioux Falls
County
Lincoln
State
South Dakota
Longitude
-96.7440523
Latitude
43.5646198

FAQs

What type of property is this?
Motel - Hospitality property with 100 rooms, great investment opportunity.
Where is this motel located?
The property is located at 1300 West Russell St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: - 12% Cap Rate; - $430,000 Projected Net Operating Income (NOI) for 2025; - 100 Rooms
More about this property
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