Property profile

21381 Hwy Lead, SD 57754

OFF-MARKET
Commercial real estate
5.08 ac lot Built 1936
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Property summary

AI-generated overview

This exceptional Black Hills property, known as Wickiup Cabins, presents a rare investment opportunity. Established in 1936, this legacy business boasts a prime location at Cheyenne Crossing in Spearfish Canyon, South Dakota. The property encompasses 5.08 acres and includes twenty uniquely sized rustic cabins, each equipped with modern amenities. Guests enjoy breathtaking views and the tranquility of a lush setting, featuring towering 80-foot Black Hills Spruce trees and over 800 linear feet of Spearfish Creek, renowned for its crystal-clear waters and native brook trout. The property's reputation as a premier destination for hospitality in the northern Black Hills is well-established. Its versatility caters to a wide range of events, from weddings and family reunions to corporate retreats and individual getaways. The growing popularity of the area amongst UTV enthusiasts further enhances its appeal and potential for continued success. This is a truly unique opportunity to acquire a thriving, established business in a highly desirable location within the Black Hills. The asking price for this remarkable property is $2,750,000.

Property profile

Verified
Property type Commercial real estate
Year built 1936
Lot 5.08 ac (221,285 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

21381 Hwy Lead, SD 57754
Lead metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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