Short Term Rental

Spearfish, SD Short Term Rental Properties for Sale

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Hot Springs, SD Lead, SD Belle Fourche, SD Whitewood, SD Deadwood, SD Central City, SD Sturgis, SD Beulah, WY
Turnkey 20-Unit Motel Property
Updated: Jun 4
Turnkey 20-Unit Motel Property

925 North 3rd Street, Spearfish, SD 57783

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5,787 sqft
20‑unit motel/Airbnb property operating as a cash‑flowing multi‑use investment
Zoned C‑1 Commercial, allowing multiple income approaches such as short‑term rentals, long‑term tenants, or motel use
Plans are in place for two additional duplexes to expand the property’s rental inventory
Completed flood study supporting the proposed duplex expansion
Year built: 1970
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Spearfish, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Property with Income Garage
Mixed-Use Property with Income Garage

118 S Galena Street, Lead, SD 57754

$399,000
7,500 sqft

Includes a separate residence and additional unfinished space alongside a revenue-generating garage.

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Horse Property with Rental Cabins
Horse Property with Rental Cabins

11863 West Argyle Road, Custer, SD 57730

Contact for pricing
3,696 sqft

Fenced pastures, cabins, and a guest bunkhouse complement the primary residence.

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Mountain Short-Term Rental Cabin
Mountain Short-Term Rental Cabin

21156 Gilded Mountain Loop, Lead, SD 57754

Contact for pricing
1,731 sqft

Four-bedroom cabin with shared recreational amenities and private outdoor relaxation space in the Black Hills.

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Vacant Land / Lots
Vacant Land / Lots

12378 Tin Cup Trail, Custer, SD 57730

$899,000

Residential land & home lots

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Spearfish, SD Short Term Rental Properties Market Trends and Statistics

Explore 1 short term rental properties for sale in Spearfish, SD on our real estate platform. These investment opportunities span a total of 5,787 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 3
Duplexes 3
Short term rental properties 1
Triplexes 1

Demographics Overview

Population 18K
Population Growth (5Y) +9.0%
Median Household Income $64,970
College Educated 47.6%

Taxes & Financing

Tax Rate (average for all types) 1.58%
Property Tax per SF $27.33 per SF
Tax Rate vs County Average 0.02 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lawrence County

New Delisted

Total CRE Inventory on Market (SF)

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