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440 Heritage Dr
Spearfish, SD 57783

$2,400,000 USD

Hotel For Sale  •  43,322 SF

Property Details

  • Property Type Hotel
  • Total Building Size 43,322 SF
  • Lot Size 2.03 AC
  • Building Class C
  • Year Built 1977
  • Zoning Commercial
0 Transit Score
37 Walk Score

Highlights

Attractive Pricing – Offered at a 2.41x room revenue multiplier, presenting excellent value relative to income potential
Strong Room Revenue – 2024 room revenue of ~$1,000,000 underscores consistent demand and revenue stability
Significant upside potential through hands-on management and strategic expense reduction
Tourism-Driven Market – Benefits from proximity to the Black Hills, Mount Rushmore, Deadwood, and Spearfish Canyon
Interstate Visibility – Prime location off I-90 ensures strong highway exposure and accessibility for transient guests
Franchise Strength – Backed by Super 8 by Wyndham, one of the world’s most recognized and trusted economy brands

Amenities

  • Business Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Multi-Room Suites

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 52
Type: Surface
Included in Rent: Yes
Jon Ruzicka 952-852-9767 Marcus & Millichap
Jon Ruzicka 952-852-9767 Marcus & Millichap