Ramada Mitchell, SD

1525 W Havens Avenue Mitchell, SD

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Sale Price: $2,500,000

Building Size: 113,676 sq. ft.

Total Available Space: 113,676 sq. ft.

Property Type: Hospitality

Year Built: 1970

Property Description

Property Features

  • Full-service hotel with conference center, pool, restaurant
  • Only full service hotel for 70 miles east or west on I-90
  • 122 rooms on two levels
  • 113,676 total sq. ft.
  • Opened in 1970
  • $250,000 PIP completed within the last five years
  • ADR averages $78.10 for the year
  • Lot size is 5.69 acres/248,203 sq. ft.
  • Ample parking for bus and RV parking (200 spaces)

Pricing

  • List Price is $2,500,000
  • $20,491.80 per key
  • 2015 Real Estate Taxes are $65,813.26
  • Financials will be provided upon request and signing of confidentiality agreement

Location

  • Located off of Interstate 90 & Highway 37
  • Area neighbors include Jacks Campers, Motel 6, Roadway Inn, Dakota Wesleyan University and Trail King Industries

Brokers

Dennis Breske, CCIM, SIOR, MBA

Senior Vice President

Office Phone: (605) 444-7100

Dennis founded NAI Sioux Falls in June of 1999 and has over 20 years' experience in the Sioux Falls commercial real estate marketplace. Dennis has completed over 1,000 commercial real estate transactions and is widely regarded as one of the most professional and knowledgeable agents in the Sioux Falls market. 

View Dennis' Profile