361 S Nebraska St Salem, SD 57058

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605-610-6094

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$ 6,000

No Price Change

Active (134 Days)

Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls

Last Updated: 8/21/2024 7:37 PM

MLS: 22402832

361 S Nebraska St
Salem, SD 57058

Type: Business Opportunity

Subdivision: Feterls Addition to City of Salem

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Listing Description

GREAT business opportunity in a GREAT location on Hwy 81 just 4 miles N of I-29 in Salem, SD. This turn-key, well-maintained, clean, hotel has 18 units (current mix of four single-bed, six double-bed and three triple bed rooms) as well as two 2-bedroom apartments), a manager living quarters, front office, ample parking space, easy access for boats/RVs, etc. on 1.14 acres. Motel has surveillance system, multiple exterior signs, laundry room, safe, and more to begin your journey into motel management. This lease to own is offered for $6000 a month with 1 year rent as a deposit. A double attached garage (25x24), Utility shed (14x16), Detached garage (12x24). Give listing agent a call today to schedule your showing! To Purchase, please see MLS listing #22306298

Property Details

Acres: 1.143
Area: SF-60
Year Built: 1964
County: McCook
Subdivision: Feterls Addition to City of Salem
Sale/Rent: For Sale
Sale/Lease: For Sale or Lease
Zoned: Urban Commercial Lot
Type: Business Opportunity
Structure Square Ft: 0
Lot Square Ft: 49,789
Directions: Hwy 81 and I-29 N to Salem.

Financial Information

Taxes: $4,836.70
MLS: 22402832
Legal Description: LOT "D"3 OF OL"D", OUTLOTS TR7, STREFF'S TRACTS N2SE4 14-103-55
MLS Area: SF-60
Parcel ID Number: 17.58.0401

Listing

Status: Active
Property Disclaimer: Information deemed reliable but not guaranteed.

The data relating to real estate for sale on this web site comes in part from the REALTOR® Association of the Sioux Empire, Inc. Real estate listings held by brokerage firms other than the Sioux Falls Real Estate Group Hegg Realtors are marked with the IDX logo. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor the Sioux Falls Real Estate Group Hegg Realtors shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.