107 Main StBison, SD 57620

Property Details for 107 Main St

Year built

1971

Lot size

0.32 AC

Property size (Sq ft)

4,752 SF

Property type

Hospitality properties

Property subtype

Motels

APN

68-0201-007-0007-000-0-0-00000

APU

9223372036854775807

Description

This meticulously maintained 11-unit motel in Bison, South Dakota presents a rare investment opportunity. The property boasts 8 double-bed rooms, 2 triple-bed rooms, and a spacious 6-bed suite, all featuring individual air conditioning units, well-maintained carpeting, and bathrooms with durable commercial-grade linoleum flooring. A comfortable communal area is available for guests to relax. The property also includes a fully renovated 3-bedroom, 1.5-bathroom manager's apartment in the basement. This apartment features granite countertops, stainless steel appliances, dark wood cabinets, a center island, and a spacious eat-in kitchen. Additional features in the manager's apartment include a formal dining area, an open living room, a half-bath with luxury vinyl plank flooring, and ample storage. The motel sits on a 0.25-acre lot and includes a lovely backyard patio with a barbecue grill and professionally landscaped grounds. High-speed internet is available throughout the property. The motel benefits from a lack of hospitality competition within a 45-mile radius, ensuring consistent bookings. Strong revenue is generated throughout the year, with high occupancy during the summer construction season and fall hunting season, further enhanced by a loyal base of repeat guests. This turnkey operation offers significant potential for continued growth and profitability. The asking price is $475,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,289,592

  6.5%

  $1,190,392

  7%

  $1,105,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,932,371

  Geo Method

  $922,634

• Alternative Use

  Use

  Valuation

  Residential

  $1,299,563

  Hospitality

  $1,190,392

  Educational

  $990,393

  Medical

  $1,024,454

  Retail

  $1,540,611

Location Insight

City

Bison

County

Perkins

State

South Dakota

Latitude

45.5221

Longitude

-102.464

Property Tax & Assessments

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