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Property profile & analytics
OFF-MARKET Estimated value $3,750,000
Commercial real estate

2431 Jct Ave Sturgis, SD 57785-2559

1.63 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US79-0410182
Property summary
AI-generated overview

This established 55-key hotel in Sturgis, South Dakota, presents a unique investment opportunity. Located just off Interstate 90, this two-story, 1966-built property sits on a 2.29-acre lot and benefits from its proximity to the renowned Sturgis Motorcycle Rally and the scenic Black Hills. The hotel is free from franchise obligations, offering significant potential for return on investment. A manager's apartment is included on the premises. An attractive feature for potential buyers is a $100,000 improvement credit offered with a full-price accepted offer at closing. This turnkey operation is ideally situated to capitalize on the thriving tourism industry of the Black Hills, offering breathtaking natural beauty to guests. Whether you're an experienced hotelier or a new investor seeking entry into the hospitality market, this property provides an exceptional combination of location, existing infrastructure, and growth potential. The property's strategic location and established reputation make it a compelling investment in a dynamic and popular tourist destination.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.63 ac (70,829 SF)
APN 01.61.00.CDE2
UPID US79-0410182
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
  • ATM Atm Food Store
  • Sturgis Lodge and Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.75M
Owner & transaction history
Sturgis L LLC · 3 yrs held
Sturgis L LLC
since 2023
Last sale
$3.4M
6 recorded transactions
2023
$3.4M
2023
Price N/A
2018
Price N/A
2018
Price N/A
2018
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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