361 Nebraska St, Salem, SD 57058-8958
This established 15-unit motel in Salem, South Dakota presents a fantastic investment opportunity. Priced at $500,000, this family-operated business boasts multiple living quarters, ideal for owner-occupancy or management. The property includes three sets of living quarters: two two-bedroom, two-bathroom units, and a separate manager's quarters, providing ample space for comfortable living and on-site management. Each of the fifteen guest units is equipped with a microwave and refrigerator, catering to guest convenience. A guest laundry is also available on-site. The motel is strategically located on a main highway, benefiting from high visibility and convenient access for travelers. The area is known for its exceptional hunting opportunities, attracting a steady stream of outdoor enthusiasts. The property has undergone recent improvements, including a roof replacement completed three years ago, and several guest rooms have been updated. New photos are forthcoming. Seller financing may be available. This turnkey operation is ready for a new owner to step in and continue its success. The property is located at 361 S Nebraska St, Salem, SD 57058. This is a rare opportunity to acquire a well-maintained, profitable motel in a prime location.
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Motel Express Hotel & Motel
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Home Motel 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
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.