- For Sale $5,500,000
- Property Type Other
- Units 98
- Date Updated Jan 31, 2025
The Dakota is currently operated as an extended-stay hotel catering to long-term guests. Featuring 98 rooms (+ a manager’s apartment), a well-appointed water park, and an excellent location. The Dakota appeals to both transient/leisure and corporate travelers. A buyer could choose to operate it as an independent property or leverage one of the newer mid-scale brands from Hilton, IHG, and many others. Spark by Hilton has expressed interest, offering a potential opportunity to reposition the hotel under the sought after Hilton family of brands.
With a history of generating $1.9 million in revenue under a previous owner, the opportunity to purchase and renovate the hotel at a value well below replacement cost presents a compelling investment strategy. This is further supported by the market’s Mid-scale REVPAR of $52. In the greater Sioux Falls market, REVPAR has increased by 3.1%, reaching $78, providing additional potential for outperformance with a strong product and successful management team.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 98 Guestrooms, + Managers Apartment
- Growing Population in an Expanding Market
- Hilton, IHG, and other Brand Conversion Opportunity
- Discount to Replacement Cost
- Two-story, Interior Corridor
False
Contacts
Location
Getting Around
-
Walk Score ®
21/100
Car-Dependent
-
Transit Score ®
16/100
Minimal Transit
-
Bike Score ®
56/100
Bikeable
- City Sioux Falls, SD
- Neighborhood Knewel's
- Zip Code 57107
Points of Interest
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Best Taxi Service
5.02 miles
-
BP
0.15 miles
-
Cenex
2.01 miles
-
Kum & Go
2.23 miles
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Flying J
2.23 miles
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Tesla Destination Charger
2.50 miles
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Caseys
3.36 miles
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Park & Trails
0.63 miles
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Park
0.69 miles
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Rental car return (south)
1.98 miles
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Economy Parking
2.00 miles
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Long-term Parking
2.07 miles
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Long term parking
2.09 miles
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Falls Park
2.39 miles
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Dakotah Lodge
0.02 miles
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AmericInn by Wyndham Sioux Falls North
0.08 miles
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Guesthouse Inn & Suites Sioux Falls
0.15 miles
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Motel 6 Sioux Falls
0.19 miles
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Best Western Plus Ramkota Hotel
0.23 miles
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Sleep Inn
0.67 miles
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Holiday Inn & Suites Sioux Falls - Airport
0.78 miles
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Super 8 Sioux Falls Near Convention Center
1.18 miles
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Ramada Sioux Falls Airport Hotel & Suites
1.29 miles
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Sioux Falls Inn
1.31 miles
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Frankie's Bar & Grill
0.19 miles
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Paavo's Pizza & Grill
0.71 miles
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Great Shots
1.17 miles
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Buffalo Wild Wings
1.34 miles
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Boonies Bar & BBQ
1.42 miles
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Blue Rock Bar & Grill
1.50 miles
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Casa Del Rey
1.55 miles
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KFC
1.81 miles
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Taco Bell
1.83 miles
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McDonald's
1.86 miles
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Southeast Technical College
0.64 miles
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New Technology High School
0.68 miles
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Jane Addams School
0.87 miles
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Career and Technical Education Academy
0.96 miles
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Jefferson High School
1.05 miles
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George McGovern Middle School
1.72 miles
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Axtell Park Junior High School
1.88 miles
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Hayward Elementary School
2.02 miles
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University of South Dakota - Sioux Falls
2.04 miles
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Hawthorne School
2.09 miles
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Bloom
2.93 miles
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Discovery Learning Center
4.16 miles
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Falls Learning Center
4.53 miles
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Kid's Corner Daycare
6.68 miles
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Honeybee Academy
9.12 miles
Frequently Asked Questions
The space currently listed for sale at The Dakota asks for $5,500,000.
The Dakota totals 48,846 square feet.
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