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812 E 5th St
Canton, SD 57013
Gateway Motel · Hospitality Property For Sale
·
4,687 SF
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 4,687 SF |
| Property Subtype | Hotel | No. Stories | 1 |
| Building Class | C | Year Built | 1956 |
| Lot Size | 0.73 AC | Parking Ratio | 2/1,000 SF |
| Construction Status | Converted | Corridor | Exterior |
| Zoning | MUNICIPALI - General Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.73 AC |
| Construction Status | Converted |
| Building Size | 4,687 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 2/1,000 SF |
| Corridor | Exterior |
| Zoning | MUNICIPALI - General Commercial |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ABOUT 812 E 5TH ST , CANTON, SD 57013
Turn-key investment opportunity to own a well established motel and storage units on a large .74 acre lot! Convenient location on Highway 18 in Canton with access from both College St. and 5th St. Located nearby Pizza Ranch, Taco Johns, Sunshine Foods, Auto Pros, and two gas stations. The current owners have poured their heart and soul into this property. It's a great opportunity for an owner operator or an investor because the work has already been done, and it can qualify for owner-occupied tax status with business write-offs and tax deductions. The motel has over 4,000 sq.ft. of living space divided into 14 units and a Managers/Owners suite. Additional revenue potential with lot/land/parking/storage units, in addition to vending machines and coin operated laundry. Canton attracts travelers and industry professionals from I-29 as well as the bordering state of Iowa. Invest today in the established and growing community of Canton! --- Appointment required to show, must contact Nick Thompson #605-941-4689. 24 hours notice appreciated. Non-Disclosure Agreement is required to be filled out prior to disclosing any financial information, see attached docs. Room types & layouts in attached docs. Please follow all Covid-19 safety measures when showing. Showings will depend on guest occupancy. Full Parcel ID's - 200.45.07.016 & 200.45.07.018
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $31,141 | |
| Land Assessment | $72,664 | Total Assessment | $103,805 |
PROPERTY TAXES
