1313 Lacrosse StRapid City, SD 57701

Property Details for 1313 Lacrosse St

Year built

1979

Lot size

1.00 AC

Property size (Sq ft)

8,867 SF

Property type

Hotels

Property subtype

Motels

APN

21-30-379-021

APU

2130379021

Description

This exceptional 37-key hotel, the Rodeway Inn, presents a lucrative investment opportunity in the thriving tourism hub of Rapid City, South Dakota. Located at 1313 N Lacrosse St, this two-story property boasts 15,031 square feet on a 0.96-acre lot. Built in 1979, the hotel has undergone significant upgrades, contributing to its increasing revenue stream. Its prime location off Interstate 90 provides easy access to shopping, dining, and other amenities, capitalizing on the area's popularity as a gateway to the Black Hills. The asking price is $1,900,000, translating to $126.41 per square foot. The property's strong performance is fueled by the consistent influx of tourists drawn to the Black Hills region. Lacrosse Street's status as a main arterial road ensures high visibility and accessibility for guests. This well-maintained hotel offers a compelling return on investment for discerning buyers seeking a foothold in the robust South Dakota hospitality market. The property's strategic location and recent improvements position it for continued growth and profitability within the dynamic Black Hills tourism sector. This is a rare opportunity to acquire a well-established hotel with a proven track record of success.

Location Insight

City

Rapid City

County

Pennington

State

South Dakota

Latitude

44.0984

Longitude

-103.202

CBSA code

39660

CBSA name

RAPID CITY, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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