1542 Davenport St, Sturgis, SD 57785
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.
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Hugs Haven Assisted Living DBA Key City Retirement Home Nursing Home Retirement Community
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
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.