For Sale
$2,000,000

1309 Ohlman St Mitchell, SD 57301

92-Room Motel 6, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 92-room Motel 6 located in Mitchell, South Dakota, at 1309 S Ohlman St, zip code 57301. Built in 1979, this established hospitality property boasts a strong brand presence and offers significant potential for return. The asking price is $2,000,000. The property includes a valuable manager's apartment, providing on-site management convenience and potential additional income. Ample extra parking is available for guests and staff. Situated in Mitchell, South Dakota, known for its unique Corn Palace, this motel benefits from a desirable location. The property's 92 keys represent a substantial revenue stream, offering a compelling investment opportunity for experienced hospitality investors. Financial projections should be conducted independently to assess the potential return on investment. This is a turnkey operation ready for a new owner to step in and manage. The property's strong brand recognition and established clientele base provide a solid foundation for future growth and profitability. Detailed financial statements and operational data are available upon request. This is a rare chance to acquire a well-established, profitable motel in a vibrant South Dakota community.

Highlights

  • 3,270 square foot building with 92 rooms.
  • Managers apartment included.

Property Details for 1309 Ohlman St

Property type
Hospitality properties, Motels
Year Built
1979

Location Insight

City
Mitchell
County
Davison
State
South Dakota
Latitude
43.6971328
Longitude
-98.04692205

FAQs

What type of property is this?
Hospitality property - 92-Room Motel 6, Excellent ROI
Where is the hospitality property located?
The property is located at 1309 Ohlman St Mitchell, SD.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 3,270 square foot building with 92 rooms.; Managers apartment included.;
How can I contact the broker?
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1309 Ohlman St
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