Quality Inn

1221 S Burr St Mitchell, SD

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Sale Price: $2,600,000

Building Size: 29,571 sq. ft.

Total Available Space: 29,571 sq. ft.

Property Type: Hospitality

Year Built: 1994

Property Description

Property Features

  • 29,571 total building sq. ft.
  • 59 rooms on two levels
  • Hotel lot size = 2.53 acres (110,357 sq. ft.)
  • 50.51% average daily occupancy
  • ADR averages $74.92 for the year
  • $250,000 PIP completed in 2017
  • Annual Rev Par is $40.66
  • Property built in 1994
  • Surface parking with approximately 75 spaces
  • RV & truck parking
  • Pool & hot tub

Pricing

  • List Price is $2,600,000 ($69.66/sq. ft.)
  • $44,067.79 per key
  • 2016 Real Estate Taxes are $28,260.76
  • Financials available upon request

Location

  • Located just north of 1-90 on Burr Street
  • 1.2 miles from Mitchell Technical Institute
  • Area neighbors include: Campbell’s Supply, Jimmy Johns, Perkins, McDonald’s, Pizza Ranch

Brokers

Dale Zomer

Broker Associate

Office Phone: 605-444-7117

Dale Zomer joined NAI Sioux Falls in May of 2016 as a Broker Associate.  Dale brings 25 years experience of representing clients in the sale or purchase of income-producing properties.

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