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93-Room Motel For Sale

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

HighLights

High Cap Rate: 14%
Current Revenue: $597,297 (three‑year average)
Projected 2025 Revenue: $600,000
93 Rooms available
93 Parking Spaces
Seasonal Heated Pool

We can help!

Listing Contact

Dale Zomer

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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:: 106
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

We can help!

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

HighLights

High Cap Rate: 14%
Current Revenue: $597,297 (three‑year average)
Projected 2025 Revenue: $600,000
93 Rooms available
93 Parking Spaces
Seasonal Heated Pool

Overview

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

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

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For sale
Motels
SD
Mitchell
57301
1309 S Ohlman Street

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

1309 S Ohlman Street, Mitchell, SD 57301

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

Property Features for 1309 S Ohlman Street

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Remodeled Commercial Space Downtown

Retail and Restaurant Opportunity

Brick Building in High-Traffic Area

Industrial Building Near Highway 37

Commercial Property Near Havens Ave

Modern Retail Building For Sale

Mitchell SD Storage Portfolio

New Retail NNN Ground Lease

Downtown Mitchell Commercial Space Available

Retail Property with Drive-Through Canopy

Mitchell Retail Shopping Center For Sale

Established Campground on 11 Acres

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