924 4Th St Huron, SD 57350

This exceptional investment opportunity presents the Dakota Inn, a 76-room hotel situated on 2.73 acres in Huron, South Dakota. Built in 1690, this two-story, 28,066 square foot property boasts a remarkable 41.27% cap rate and a strong NOI of $536,545. The asking price is $1,300,000 ($46.32/sq ft). The hotel offers amenities including complimentary breakfast, free Wi-Fi, and coin-operated laundry facilities. A unique feature is a dedicated bird cleaning room, catering to the area's hunting tourism. Currently managed by an experienced full-time general manager, with part-time owner involvement, the hotel benefits from its prime location, attracting travelers and tourists, particularly during events like the South Dakota State Fair. Huron's reputation as a hunting and outdoor recreation destination further enhances the property's appeal. The recent completion of the Dakota Events Complex promises increased year-round revenue. The property's proximity to the "world's largest pheasant" statue adds to its unique character. The projected occupancy date is December 1, 2024. This is an owner/user investment opportunity held by an LLC. The property consists of one building.