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1309 S Ohlman Street Mitchell, SD 57301

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For Sale
$1,600,000

93-room motel with seasonal heated pool and ample parking.

Type:Hospitality
Added:
Feb 26, 2026
Days on Market:
57
Last Refresh:
Feb 26 at 10:51 pm

Property Features for 1309 S Ohlman Street

General Information

Standard status
Active
Property subtype
Hospitality

Building Details

Year Built
1979

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Listing Contact
Dale Zomer

Listing agent Dale Zomer License #16458

Listing office NAI | Sioux Falls

Listing date Feb 26, 2026

Source Naiglobal

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

All listing content including descriptions, pricing, images are the copyrighted material of NAI | Sioux Falls


Overview

93-Room Motel For Sale

This commercial real estate offering features a 93-room motel. The property includes a parking lot with 93 spaces and a seasonal heated pool. The 2024 occupancy rate is 47.94%. The Average Daily Rate (ADR) is $40.68, and the Revenue Per Available Room (REV PAR) is $27.46. The Gross Rent Multiplier (GRM) is 3.18Xs. The current revenue, based on a three-year average, is $597,297. Real estate taxes are $15,777. The projected revenue for 2025 is $600,000. The price per room is $17,204, and the price per square foot is $64.30. The cap rate is 14%.
Location Intelligence

Current Use by Public Records

Motel 6 Mitchell, ... Hotel & Motel

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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

  • Rodeway Inn 1313 S Ohlman St, Mitchell, SD 57301
  • Rodeway Inn and Suites 1313 s ohlman st, mitchell, sd 57301
  • Mitchell inn 1313 S Ohlman St, Mitchell, SD 57301
  • Love Every, Event Venue 1525 W Havens Ave, Mitchell, SD 57301
  • Motel 6 Mitchell, SD 1309 S Ohlman St, Mitchell, SD 57301

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 - 93-room motel with seasonal heated pool and ample parking.
Where is this motel located?
The property is located at 1309 S Ohlman Street Mitchell, SD.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High Cap Rate: 14%; Current Revenue: $597,297 (three‑year average); Projected 2025 Revenue: $600,000
More about this property
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