21381 Us Hwy 85, Lead, SD 57754-3776
This exceptional Black Hills property, known as Wickiup Cabins, presents a once-in-a-lifetime investment opportunity. Established in 1936, this legacy business, located at Cheyenne Crossing on US Highway 85 in Lead, South Dakota, enjoys a prime location in Spearfish Canyon. The property boasts twenty uniquely sized rustic cabins, each equipped with modern amenities. Guests can enjoy the tranquility of the canyon, surrounded by towering 80-foot Black Hills Spruce trees and over 800 linear feet of Spearfish Creek, a pristine stream teeming with native brook trout. Wickiup Cabins offers a blend of adventure and relaxation, making it an ideal venue for weddings, family reunions, corporate retreats, or simple family getaways. Its reputation as a premier destination in the northern Black Hills is well-established. The property's popularity is further enhanced by its proximity to popular UTV trails, attracting repeat visitors annually. This turnkey operation presents a rare chance to acquire a thriving, established business in a highly sought-after location within the Black Hills. The asking price is $2,750,000. The property sits on a 0-acre lot.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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.