450 W Kansas Street, Spearfish, SD 57783
Lawrence County
Key Facts
Description
Turnkey 20-Unit Motel/Airbnb | Multiple Income Streams + Development Opportunity Cash-flowing, multi-use investment with HUGE upside potential! This 20-unit property is currently operating as a successful motel/Airbnb and offers endless opportunities to generate income—short-term rentals, long-term tenants, or continue running as a motel. Zoned C-1 Commercial, the possibilities don’t stop there. A completed flood study and plans already in place for two additional duplexes create built-in expansion and even greater revenue potential. Whether you’re an investor looking to maximize cash flow or a developer ready to take it to the next level, this property is packed with opportunity and ready to perform. Listed By Bud Hannah Re/Max In The Hills. 605-645-2026.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1970
Stories
2
Living Area
5,787 sq ft
Lot Size
0.67 acres
Parking Spaces
25
MLS® Listing#
88303
Property Features
Heating
Basement
Lot Features
Construction
Directions
Jackson Blvd. turn right on 3rd street business on the left side.
Affordability Calculator
$300,000
Estimated monthly payment
$7,984/mo
Principal $1,200,000 · Est. interest $1,674,107 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spearfish, SD
- $739,286
- Median Listing Price
- 69
- Median Days on Market
- 2,852
- Median Sq Ft
- $254
- Median Price / Sq Ft
- 161
- Active Listings
- This home’s price is 103% above the area median.
- Its price per sq ft is 2% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spearfish, SD.
Location
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Points of Interest in Spearfish, SD
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1605 Arizona Avenue, Spearfish, SD | $1,050,000 | 4 | — | 3,710 |
| TBD E Colorado Boulevard, Spearfish, SD | $1,099,000 | — | — | — |
| 10578 Cedar Berry Court, Spearfish, SD | $1,099,000 | 6 | — | 3,705 |
| 10578 OTHER, Spearfish, SD | $1,099,000 | 6 | — | 3,633 |
| TBD S Colorado Boulevard, Spearfish, SD | $1,100,000 | — | — | — |
| 745 & 735 8th Street, Spearfish, SD | $1,100,000 | 8 | — | 3,258 |
Moving Cost Estimate
EXIT Agents in Spearfish
Listing Courtesy: RE/MAX In The Hills