2431 Junction AveSturgis, SD 57785

For Sale
$2,950,000

55-Key Hotel, Iconic Sturgis Location

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $100,000 seller credit with full-price offer.
  • Excellent location.
  • Manager's apartment included.
  • Convenient I-90 access.
  • Black Hills location.

Property Details for 2431 Junction Ave

Property type
Other hospitality properties, Hotels
Year Built
1966
Stories
2
Lot Size (sq. ft)
99,752 SF

Location Insight

City
Sturgis
County
Meade
State
South Dakota
Latitude
44.397410166274
Longitude
-103.50768955905
2431 Junction Ave, Sturgis, South Dakota

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2431 Junction Ave
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