1309 S Ohlman St Mitchell, SD 57301
For Sale
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This exceptional investment opportunity presents a 92-room Motel 6 located in Mitchell, South Dakota, at 1309 S Ohlman St, zip code 57301. Built in 1979, this established hospitality property boasts a strong brand presence and offers significant potential for return. The asking price is $2,000,000. The property includes a valuable manager's apartment, providing on-site management convenience and potential additional income. Ample extra parking is available for guests and staff. Situated in Mitchell, South Dakota, known for its unique Corn Palace, this motel benefits from a desirable location. The property's 92 keys represent a substantial revenue stream, offering a compelling investment opportunity for experienced hospitality investors. Financial projections should be conducted independently to assess the potential return on investment. This is a turnkey operation ready for a new owner to step in and manage. The property's strong brand recognition and established clientele base provide a solid foundation for future growth and profitability. Detailed financial statements and operational data are available upon request. This is a rare chance to acquire a well-established, profitable motel in a vibrant South Dakota community.
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Motel 6 Mitchell, SD Hotel & Motel
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
