Property summary
This exceptional 48-key Econo Lodge hotel presents a lucrative investment opportunity in the thriving tourist destination of Hot Springs, South Dakota. Located at 541 Indianapolis Ave, this three-story, 20,312 square foot property sits on a 1.06-acre lot and boasts a desirable location within the Black Hills region, close to major attractions like the Mammoth Site and Mount Rushmore. Built in 2007, the hotel features an elevator for guest convenience and an indoor pool (seasonal operation). … Beyond the 48 guest rooms, the property includes two apartments – a spacious manager's apartment and a separate upstairs unit, offering additional income potential or comfortable living quarters. Ample truck parking is also available, catering to a wider range of travelers. The asking price is $1,695,000, translating to $83.45 per square foot. This established hotel benefits from consistently increasing revenues, making it an attractive prospect for seasoned investors seeking a strong return in a prime location. A property video is available upon request. This turnkey operation is ready for a new owner to capitalize on the ongoing growth of tourism in the Black Hills.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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