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    OFF-MARKET
    Commercial real estate

    1542 Davenport St, Sturgis, SD 57785

    0.1 ac lot
    Entity Owned 2-yr Hold
    Property ID
    US79-0493657
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-established assisted living facility located at 1542 Davenport St, Sturgis, SD. The property boasts a prime location, just a short distance from Junction Ave, ensuring high visibility and accessibility. The facility currently comprises 10 rooms, providing a total of 16 beds, and offers a comfortable, home-like atmosphere for residents. With a substantial 4,349 square feet of space, there's significant potential for expansion or further development to meet growing community needs. The property sits on a 0.1-acre lot, offering ample space for outdoor amenities or future construction. The asking price for this turnkey operation is $700,000, representing a compelling investment in a thriving sector of the healthcare industry. The existing infrastructure and established reputation provide a solid foundation for immediate returns and long-term growth. This is an exceptional opportunity for an investor seeking a proven business model with significant upside potential in a desirable location. The property's size and location offer flexibility for various expansion strategies, catering to the increasing demand for assisted living services in the Sturgis area. This is a rare chance to acquire a profitable and established business with considerable room for future development and increased profitability.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.1 ac (4,356 SF)
    UPID US79-0493657
    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
    Current use
    Occupant on record · Public records
    • Hugs Haven Assisted Living DBA Key City Retirement Home Nursing Home Retirement Community
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Huga Haven Assisted Living LLC · 2 yrs held
    Huga Haven Assisted Living LLC
    since 2024
    2 recorded transactions
    2024
    $290,000
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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