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- LoopNet Team
3009 W Russell St
Sioux Falls, SD 57107
Sioux Falls Inn · Hospitality Property For Sale
·
34,762 SF
Investment Highlights
- Priced Significantly Below Replacement Cost at $28,678 per Key
- Located in Sioux Falls, South Dakota
- Operational Upside for Prospective Hands-On Owner-Operator Investor
- 87-Room, Exterior Corridor, Economy Hotel
- 99 Percent RevPAR Index Compared to the Competitive Set
- Property Recently Underwent $900K PIP Injection
Property Facts
| Property Type | Hospitality | Building Size | 34,762 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1974/2020 |
| Lot Size | 1.91 AC | Parking Ratio | 3.67/1,000 SF |
| Construction Status | Converted | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.91 AC |
| Construction Status | Converted |
| Building Size | 34,762 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2020 |
| Parking Ratio | 3.67/1,000 SF |
| Corridor | Exterior |
About 3009 W RUSSELL ST , SIOUX FALLS, SD 57107
Property Overview: Motel 6 Sioux Falls is a G6 Hospitality-branded property that was built in 1974. There are two floors with 87 rooms spread throughout the hotel. Each guest room features a flat-screen television. The common amenities include a coin laundry facility. Location Overview: Sioux Falls, South Dakota is located on the southeast border of the state, and tourism in the state is a revenue-generating industry that contributes to supporting the region’s economy. The Motel 6 Sioux Falls is located at 3009 West Russell Street and near many room demand generators. In 2020 the state had 12.6 million visitors and through the summer months, it was ranked third in the country for domestic bookings. The visitor traffic generated $2.6 billion in gross domestic product or 4.7 percent of the state’s economy. Additional industries that have made headway include the Sioux Falls-based Coaxis Energy Co which added a business based in Nebraska to its portfolio. This acquisition helps increase the geographic footprint and enhance the energy supply. Leisure traveler’s top attraction is Falls Park which is 123 acres decorated with observation towers and Sioux Falls’ oldest buildings. Broker of Record Jon Ruzicka License: 17724
Property Taxes
| Parcel Number | 53505 | Improvements Assessment | $1,075,100 |
| Land Assessment | $326,000 | Total Assessment | $1,401,100 |
Property Taxes
