1313 Cherry StVermillion, SD 57069

For Sale
$875,000

18-Unit Motel, RV Park, Pub

Overview

Added:
Dec 11, 2024
Days on market:
93
This unique investment opportunity presents a charming 18-room motel and 9-space RV park in Vermillion, South Dakota. Built in 1985, the single-story property boasts 8,419 square feet and sits on a spacious lot. The asking price is $875,000, translating to $103.93 per square foot. The motel features a vintage-style pub, adding to its income potential. Each of the 18 motel units is equipped with modern amenities. The property also includes a two-bedroom owner's apartment. The motel's Mid-Century Modern design incorporates unique architectural details, creating a nostalgic and appealing atmosphere. Its location near major highways provides excellent accessibility. The property is zoned for business/commercial use and presents a turnkey operation. This mixed-use property offers a blend of hospitality and RV park income streams, making it an attractive investment opportunity in Clay County, South Dakota, zip code 57069. The property is located at 1313 W Cherry St.

Highlights

  • $875,000 asking price for this 18-unit motel and RV park.
  • 8,419 square feet on a spacious lot, with a price per square foot of $103.93.
  • Property includes 18 motel rooms and 9 RV spaces, offering diverse income streams.
  • Features a vintage-style pub and a 2-bedroom owner's apartment.
  • Built in 1985, this single-story property is zoned for business/commercial use and offers a broker co-op opportunity.

Property Details for 1313 Cherry St

Property type
Multifamily properties, Mobile home & RV parks
Square Feet
8,419 SF
Year Built
1985
Stories
1
Units
18

Location Insight

City
Vermillion
County
Clay
State
South Dakota
Latitude
42.7874141
Longitude
-96.9502712
1313 Cherry St, Vermillion, South Dakota

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1313 Cherry St
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