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Three-Unit Furnished Hotel
For Sale
Contact for pricing
Pending

57 Sherman St, Deadwood, SD 57732

Western-themed lodging property with private kitchens, whirlpool tubs, laundry, and designated parking for each unit.

Property SizeContact for details
Days on Market142

Property Features for 57 Sherman St

General Information

Standard status Pending
Property subtype Hospitality

Units

Unit Mix 1 x Sundance Kid (3BR), 1 x Butch Cassidy (2BR), 1 x Pinkerton (1BR)
Multifamily Units 3

Additional Details

Furnished Yes
Public Transit Yes

Amenities

deck
BBQ
pergola
fire pit
picnic tables
privacy fence
kitchen
whirlpool tub
washer and dryer
western bar
Listing Agency: Black Hills Real Estate
Listed By: Lee Thomspon · License #SD 4091
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 30 at 7:27PM

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 Black Hills Real Estate

Investment Insights

Based on property information with market context.

This furnished hotel property comprises three individually themed units: Sundance Kid offers three bedrooms, Butch Cassidy includes two bedrooms, and Pinkerton has one bedroom. Each unit includes a kitchen, whirlpool tub, washer and dryer, and new flooring. The Sundance Kid unit also features a Western-style bar. Sleeping capacity ranges from up to 3 guests in Pinkerton to up to 10 in Sundance Kid, while Butch Cassidy accommodates up to 6 guests with its pullout couch.

A 1200 SQ FT outdoor deck serves as a shared amenity, with a BBQ, pergola, fire pit, picnic tables, and privacy fencing. The property is located at 57 Sherman St in Deadwood, across from Adams's Museum and a trolley stop, within 2 short blocks of Outlaw Square and one-half block from nearby dining and entertainment venues.

Key Highlights

  • Three separate furnished lodging units with 1-, 2-, and 3‑bedroom configurations
  • 1200 SQ FT shared deck with BBQ, pergola, fire pit, picnic tables, and privacy fence
  • Each unit includes a kitchen, whirlpool tub, washer and dryer

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Big Box & Wholesale Store Storage Facility Nail Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

455
Businesses Nearby

Demographics for 57732, SD

1,965
Population
1,519
Households
1.3
Avg Household Size
55
Median Age
22%
College-Educated
92%
High-School Grad
125.5 sq mi
ZIP Area
16
Density / Sq Mi
$44,750
Median Household Income
$35,511
Median Earnings
$725
Median Rent
$279,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Hotel - Western-themed lodging property with private kitchens, whirlpool tubs, laundry, and designated parking for each unit.
Where is this hotel located?
The property is located at 57 Sherman St Deadwood, SD.
What are key features of this property?
This property features: Three separate furnished lodging units with 1-, 2-, and 3‑bedroom configurations; 1200 SQ FT shared deck with BBQ, pergola, fire pit, picnic tables, and privacy fence; Each unit includes a kitchen, whirlpool tub, washer and dryer
More about this property
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