361 Nebraska St Salem, SD 57058
- Commercial real estate
- 5,417 SF
- 1.14 lot acres
Current Use by Public Records
- Motel Express / Motel
- Home Motel / Motel / Hotel
Property Details for 361 Nebraska St
- Year built
- 1964
- Lot size
- 1.14 lot acres
- Property size
- 5,417 SF
- Property type
- Commercial real estate
- APN
- 17.58.0401
- APU
- 17580401
Description
This established 15-unit motel in Salem, South Dakota presents a fantastic investment opportunity. Priced at $500,000, this family-operated business boasts multiple living quarters, ideal for owner-occupancy or management. The property includes three sets of living quarters: two two-bedroom, two-bathroom units, and a separate manager's quarters, providing ample space for comfortable living and on-site management. Each of the fifteen guest units is equipped with a microwave and refrigerator, catering to guest convenience. A guest laundry is also available on-site. The motel is strategically located on a main highway, benefiting from high visibility and convenient access for travelers. The area is known for its exceptional hunting opportunities, attracting a steady stream of outdoor enthusiasts. The property has undergone recent improvements, including a roof replacement completed three years ago, and several guest rooms have been updated. New photos are forthcoming. Seller financing may be available. This turnkey operation is ready for a new owner to step in and continue its success. The property is located at 361 S Nebraska St, Salem, SD 57058. This is a rare opportunity to acquire a well-maintained, profitable motel in a prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Mccook
- State
- South Dakota
- Longitude
- -97.3894
- Latitude
- 43.7211
- CBSA code
- 43620
- CBSA name
- SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
