Hospitality Hotel

900 5th Ave Ipswich, SD

View Spec as PDF

Sale Price: $450,000

Building Size: 15,000 Sq. Ft

Total Available Space: 15,000 Sq. Ft.

Suite Size: 15,000 Sq. Ft.

Property Type: Investment | Hospitality

Year Built: 1980

Property Description

Property Features

  • 14 rooms including 2 suites, 4 singles and 8 doubles
  • Building includes a former clinic and open warehouse space for lease
  • 15,000 total sq. ft.
  • Hotel = 7,500 sq. ft.
  • Clinic = 3,000 sq. ft.
  • Warehouse space = 4,500 sq. ft.
  • Hotel lot size = 108,900 sq. ft. (2.5 acres)
  • Built in 1980
  • Optional living quarters and garage on the back of the building for an owner occupant
  • Monument and building signage
  • Paved, on-site parking with 17 spaces and more possible
  • Only lodging in the growing community of Ipswich

Pricing

  • List Price = $450,000 ($30/Sq. Ft.)
  • $32,142.85 per key
  • 2016 Real Estate Taxes are $5,818.08
  • Financials available upon request

Location

  • Located on busy Hwy 12 that averages 2,324 vehicles per day in the heart of pheasant country
  • Approximately 27 miles west of Aberdeen

Brokers

Marcus Mahlen

Office Phone: (605) 444-7116

Marcus Mahlen joined NAI Sioux Falls in February, 2017 as a broker associate.

View Marcus's Profile