21381 Hwy, Lead, SD 57754
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.