541 Indianapolis Ave Hot Springs, SD 57747
- Hospitality properties
- 20,312 SF
- 1.06 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 541 Indianapolis Ave
- Year built
- 2007
- Lot size
- 1.06 lot acres
- Property size
- 20,312 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Fall River
- State
- South Dakota
- Longitude
- -103.466
- Latitude
- 43.4213
