2431 Jct Ave Sturgis, SD 57785-2559
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.
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ATM Atm Food Store
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Sturgis Lodge and Suites Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.