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    Spearfish, SD
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    Spearfish, SD Motels for Sale

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    Hot Springs, SD Lead, SD Belle Fourche, SD Saint Onge, SD Whitewood, SD Deadwood, SD Sturgis, SD Beulah, WY
    Turnkey 20-Unit Motel Property
    Updated: Jun 4
    Turnkey 20-Unit Motel Property

    925 North 3rd Street, Spearfish, SD 57783

    Contact for pricing
    5,787 sqft
    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
    Completed flood study supporting the proposed duplex expansion
    Year built: 1970
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Spearfish, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    22-Unit Motel with Manager Apartment
    22-Unit Motel with Manager Apartment

    716 E Montana Avenue, Baker, MT 59313

    $899,000
    9,818 sqft

    Renovated hospitality property with varied guest accommodations, room-level parking, and dedicated laundry and storage areas.

    View details
    22-Unit Motel with Manager Apartment
    22-Unit Motel with Manager Apartment

    716 E Montana Avenue, Baker, MT 59313

    $899,000
    9,818 sqft 0.69 AC lot

    Motel operation with varied guest accommodations, on-site support space, and direct Highway 12 access.

    View details
    Royal Inn Hotel Opportunity
    Royal Inn Hotel Opportunity

    440 E A St, Casper, WY 82601

    Contact for pricing
    12,948 sqft

    39-key hotel in Casper, Wyoming with value-add potential.

    View details
    Commercial Motel For Sale
    Commercial Motel For Sale

    440 E A Street, Casper, WY 82601

    $1,100,000

    For-sale hospitality property zoned commercial at 440 E A Street in Casper, Wyoming.

    View details

    Spearfish, SD Motels Market Trends and Statistics

    Explore 1 motels for sale in Spearfish, SD on our real estate platform. These investment opportunities span a total of 5,787 square feet of properties for sale.

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    Commercial property segments ranked by active listings on the market

    Motels 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) +9.0%
    Median Household Income $64,970
    College Educated 47.6%

    Taxes & Financing

    Tax Rate (average for all types) 1.58%
    Property Tax per SF $27.33 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lawrence County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Spearfish, SD

    • 57783

    Featured Spearfish Real Estate Agencies

    Realmo connects you with licensed Spearfish CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Landmark Realty & Development Company
    1130 North Main Street, Suite #7 Spearfish, SD 57783
    Phone: 16056412979
    www.spearfishlandmark.com

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