1309 S Ohlman Street Mitchell, SD 57301

Building Details

Year Built 1979

Listing Agency: NAI | Sioux Falls d***@naisiouxfalls.com Show Phone

Listed By: Dale Zomer · License #16458 Show Phone

Source: Naiglobal

Added: Feb 26 Changed: Jul 10 Last Checked: Jul 10 at 1:13PM

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Investment Insights

Based on property information with market context.

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%.

Key Highlights

• High Cap Rate: 14%
• Current Revenue: $597,297 (three‑year average)
• Projected 2025 Revenue: $600,000

Property Analytics

Property Profile Location Intelligence

Current Use

Motel 6 Mitchell, ... Hotel & Motel

Suggested Use

Top Pick Restaurant Dental Office Law Firm Real Estate Agency Parking Lot & Garage Electrical Service

Zoning and permitted uses should be independently verified with authorities.

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Frequently Asked Questions

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