361 Nebraska StSalem, SD 57058

Property Details for 361 Nebraska St

Year built

1964

Lot size

1.14 AC

Property size (Sq ft)

5,417 SF

Property type

Commercial real estate

APN

17.58.0401

APU

17580401

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $969,745

  Hospitality

  $888,281

  Educational

  $739,040

  Medical

  $764,456

  Retail

  $1,149,617

Location Insight

City

Salem

County

Mccook

State

South Dakota

Latitude

43.7211

Longitude

-97.3894

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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