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Sioux Falls Inn 1300 W Russell St 98 Room Hotel Sioux Falls, SD 57104 $3,500,000 ($35,714/Room) 12% Cap Rate
INVESTMENT HIGHLIGHTS
- As of January 2025 all units are monthly rentals
- 2025 projected NOI $430,000
- $600-$700 per room rent roll
- Minimal overhead with monthly rentals
PROPERTY FACTS Under Contract
| Price | $3,500,000 | Lot Size | 1.55 AC |
| Price Per Room | $35,714 | Building Size | 32,343 SF |
| Sale Type | Investment | No. Rooms | 98 |
| Cap Rate | 12% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1979 |
| Property Subtype | Hotel | Parking Ratio | 3.43/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | 52 - Moderate Intensity Commercial | ||
| Price | $3,500,000 |
| Price Per Room | $35,714 |
| Sale Type | Investment |
| Cap Rate | 12% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.55 AC |
| Building Size | 32,343 SF |
| No. Rooms | 98 |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 3.43/1,000 SF |
| Corridor | Interior |
| Zoning | 52 - Moderate Intensity Commercial |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $90.00 | - |
| Guest Room | 97 | $53.00 | - |
PROPERTY TAXES
| Parcel Number | 24687 | Improvements Assessment | $869,800 |
| Land Assessment | $267,900 | Total Assessment | $1,137,700 |
PROPERTY TAXES
Parcel Number
24687
Land Assessment
$267,900
Improvements Assessment
$869,800
Total Assessment
$1,137,700
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Sioux Falls Inn | 1300 W Russell St
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