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    OFF-MARKET
    Commercial real estate

    21381 Hwy, Lead, SD 57754

    5.08 ac lot Built 1936
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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