Description

Located in central Sioux Falls near Sanford Health’s main hospital, this property is surrounded by Sanford entities, the University of Sioux Falls, and Augustana University. The commercial-zoned site sits on 0.80 acres and includes two buildings—Building #2 with an elevator and Building #1 without—offering 63 rooms and 47 parking spaces. Key investment highlights include a 3-year average cap rate of 10%, ADR of $89.99, REV PAR of $49.08, GRM of 3.87X, and 3-year average EBITDA of $321,000. Current revenue from January–June totals $345,312, with 2024 occupancy at 54.28%. Building 1 was constructed in 1984 and Building 2 in 1994, with annual real estate taxes of $29,639.04.