Turnkey 20-Unit Motel
For Sale
Contact for pricing
925 North 3rd Street, Spearfish, SD 57783
Zoned C-1 commercial motel/Airbnb with plans for two duplexes and a completed flood study.
Property Size5,787 SF
Price / SF$259.20
Days on Market81
Property Features for 925 North 3rd Street
General Information
Standard status
Active
Size
5,787 SF
Property subtype
Multifamily, Hospitality, Business for Sale
Zoning
C1
Investment Type
Value Add
Additional Details
Business Included
Yes
Multifamily Units
20
Building Details
Year Built
1970
Stories
2
Units
19
Tenancy
Multi
Listing Agency:
RE/MAX In The Hills
(605) 642-2500
Listed By:
Bud Hannah · License #12031
Source:
Crexi
Added: Jun 4
Changed: Aug 23
Last Checked: Aug 23 at 11:03AM
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 RE/MAX In The Hills
Investment Insights
Based on property information with market context.
This turnkey 20-unit motel/Airbnb property is set up for income generation through short-term rentals and can also be operated as a motel. The offering includes an existing 20-unit setup and the option to pursue alternative occupancy approaches, including long-term tenants, while maintaining the motel use.
Located at 925 North 3rd Street in Spearfish, South Dakota, the property is zoned C-1 Commercial. In addition to the current operations, a completed flood study and plans are in place for two additional duplexes, supporting a path for expansion beyond the existing 20 units.
For investors or owner-operators seeking a multi-use hospitality and residential-income strategy, the current motel/Airbnb configuration provides an immediate operating framework. The C-1 Commercial zoning combined with the pre-existing flood study and duplex development plans may appeal to buyers looking to extend the property’s footprint while keeping the existing operations intact.
Located at 925 North 3rd Street in Spearfish, South Dakota, the property is zoned C-1 Commercial. In addition to the current operations, a completed flood study and plans are in place for two additional duplexes, supporting a path for expansion beyond the existing 20 units.
For investors or owner-operators seeking a multi-use hospitality and residential-income strategy, the current motel/Airbnb configuration provides an immediate operating framework. The C-1 Commercial zoning combined with the pre-existing flood study and duplex development plans may appeal to buyers looking to extend the property’s footprint while keeping the existing operations intact.
Key Highlights
- 20‑unit motel/Airbnb property operating as a cash‑flowing multi‑use investment
- Zoned C‑1 Commercial, allowing multiple income approaches such as short‑term rentals, long‑term tenants, or motel use
- Plans are in place for two additional duplexes to expand the property’s rental inventory
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 57783, SD
16,165
Population
8,347
Households
1.9
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
213.2 sq mi
ZIP Area
76
Density / Sq Mi
$64,970
Median Household Income
$35,014
Median Earnings
$946
Median Rent
$332,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Queen City Inn — 309 N Main St, Spearfish, SD 57783
- Bell's Motor Lodge Motel — 230 N Main St, Spearfish, SD 57783
- Grant Street Liquor & Casino — 127 W Grant St, Spearfish, SD 57783
- Studio 621 — 621 N Main St, Spearfish, SD 57783
- The Matthews Opera House & Arts Center — 612 N Main St, Spearfish, SD 57783
Frequently Asked Questions
What type of property is this?
Motel - Zoned C-1 commercial motel/Airbnb with plans for two duplexes and a completed flood study.
Where is this motel located?
The property is located at 925 North 3rd Street Spearfish, SD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 20‑unit motel/Airbnb property operating as a cash‑flowing multi‑use investment; Zoned C‑1 Commercial, allowing multiple income approaches such as short‑term rentals, long‑term tenants, or motel use; Plans are in place for two additional duplexes to expand the property’s rental inventory
