- For Sale $1,750,000
- Property Type Other
- Property Size 12,540 SF
- Units 40
- Lot Size 0.89 Acre
- Year Built 2000
- Date Updated Oct 27, 2026
Description
Situated on the eastern side of North 12th Street, near the intersection or area of Highways 136 and 50, providing high visibility and easy access for travelers.This 12,540 SF full-service hospitality property offers 40 units in a two-story configuration and presents a compelling value-add investment opportunity. Built in 2000 and zoned COMMERCIAL, the property has seen renovations that are nearly complete, including a manager’s one-bedroom apartment. A franchise has expressed interest in the property, adding to its repositioning potential. The property may qualify for liquor or gaming licensing, creating additional operational flexibility for a future owner. Current occupancy is 45.43%. Revenue in 2023 and 2024 reflects impacts from renovation-related shutdown periods.
Highlights
- 12,540 SF hotel featuring 40 guest rooms and 40 parking spaces
- 2023 and 2024 revenue figures reflect temporary closure during renovations
- Franchise interest in the property presents potential for continued hospitality operations
- Potential to apply for a liquor license or gaming license, subject to applicable approvals
- Renovations nearing completion, including a one-bedroom manager’s apartment
- Truck parking facilities located at the rear of the building
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Contacts
Dale Zomer
NAI Sioux Falls
Location
Contact Listing Broker
Dale Zomer
NAI Sioux Falls