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361 Nebraska St Salem, SD 57058

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For Sale
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15-Unit Motel, 3 Living Quarters, Great Location

Property Features for 361 Nebraska St

General Information

Property type
Motels

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Listing Contact
Frank Smith

Listing Agency: Southeast International Hotel Brokers Listing Agent: Frank Smith

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

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Property Insight Report

Overview

This established 15-unit motel in Salem, South Dakota presents a fantastic investment opportunity. Priced at $500,000, this family-operated business boasts multiple living quarters, ideal for owner-occupancy or management. The property includes three sets of living quarters: two two-bedroom, two-bathroom units, and a separate manager's quarters, providing ample space for comfortable living and on-site management. Each of the fifteen guest units is equipped with a microwave and refrigerator, catering to guest convenience. A guest laundry is also available on-site. The motel is strategically located on a main highway, benefiting from high visibility and convenient access for travelers. The area is known for its exceptional hunting opportunities, attracting a steady stream of outdoor enthusiasts. The property has undergone recent improvements, including a roof replacement completed three years ago, and several guest rooms have been updated. New photos are forthcoming. Seller financing may be available. This turnkey operation is ready for a new owner to step in and continue its success. The property is located at 361 S Nebraska St, Salem, SD 57058. This is a rare opportunity to acquire a well-maintained, profitable motel in a prime location.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Motel Express Hotel & Motel Home Motel Hotel & Motel

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Salem
County
McCook
State
South Dakota
Longitude
-97.388826410319
Latitude
43.720945665688

FAQs

What type of property is this?
Motel - 15-Unit Motel, 3 Living Quarters, Great Location
Where is this motel located?
The property is located at 361 Nebraska St Salem, SD.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Established 15-unit motel in Salem, SD, priced at $500,000.; Offers three living quarters: two 2-bed/2-bath units and a manager's unit.; All 15 guest units include microwaves and refrigerators; on-site laundry available.
(417) 865-2520 Call to check price and availability
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