For Sale
$500,000

361 Nebraska StSalem, SD 57058

15-Unit Motel, 3 Living Quarters, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
119
This established 15-unit motel in Salem, South Dakota presents a fantastic investment opportunity. Priced at $500,000, this family-operated business boasts multiple living quarters, ideal for owner-occupancy or management. The property includes three sets of living quarters: two two-bedroom, two-bathroom units, and a separate manager's quarters, providing ample space for comfortable living and on-site management. Each of the fifteen guest units is equipped with a microwave and refrigerator, catering to guest convenience. A guest laundry is also available on-site. The motel is strategically located on a main highway, benefiting from high visibility and convenient access for travelers. The area is known for its exceptional hunting opportunities, attracting a steady stream of outdoor enthusiasts. The property has undergone recent improvements, including a roof replacement completed three years ago, and several guest rooms have been updated. New photos are forthcoming. Seller financing may be available. This turnkey operation is ready for a new owner to step in and continue its success. The property is located at 361 S Nebraska St, Salem, SD 57058. This is a rare opportunity to acquire a well-maintained, profitable motel in a prime location.

Highlights

  • Established 15-unit motel in Salem, SD, priced at $500,000.
  • Offers three living quarters: two 2-bed/2-bath units and a manager's unit.
  • All 15 guest units include microwaves and refrigerators; on-site laundry available.
  • Main highway location provides high visibility and easy access.
  • Recent improvements include a new roof (3 years ago) and updated guest rooms.
  • Seller financing may be considered.

Property Details for 361 Nebraska St

Property type
Hospitality properties, Motels

Location Insight

City
Salem
County
McCook
State
South Dakota
Latitude
43.720945665688
Longitude
-97.388826410319
361 Nebraska St, Salem, South Dakota

FAQs

What type of property is this?
Hospitality property - 15-Unit Motel, 3 Living Quarters, Great Location
Where is the hospitality property located?
The property is located at 361 Nebraska St Salem, SD.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Established 15-unit motel in Salem, SD, priced at $500,000.; Offers three living quarters: two 2-bed/2-bath units and a manager's unit.; All 15 guest units include microwaves and refrigerators; on-site laundry available.
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361 Nebraska St
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