The Dakota

For Sale

3200 W Russell Ave, Sioux Falls, SD 57107

This Sioux Falls property for sale is located at 3200 W Russell Ave. The current listed sale price for The Dakota is $5,500,000.

Contacts

broker
Jeremy Cabe

Avison Young - US - GA - Atlanta

broker
Christopher Kilcullen

Avison Young

broker
Mike George

Avison Young

Property Details

  • Property Type Other
  • Property Size 48,846 SF
  • Units 98
  • Date Updated Jan 21, 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.

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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

Getting around

  • 21/100

    Walk Score ®

  • 16/100

    Transit Score ®

  • 56/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Sioux Falls, SD
  • Neighborhood Knewel's
  • Zip Code 57107

Points of Interest

  • Best Taxi Service

    5.02 miles

  • BP

    0.15 miles

  • Cenex

    2.01 miles

  • Kum & Go

    2.23 miles

  • Flying J

    2.23 miles

  • Tesla Destination Charger

    2.50 miles

  • Caseys

    3.36 miles

  • Park & Trails

    0.63 miles

  • Park

    0.69 miles

  • Rental car return (south)

    1.98 miles

  • Economy Parking

    2.00 miles

  • Long-term Parking

    2.07 miles

  • Long term parking

    2.09 miles

  • Falls Park

    2.39 miles

  • Dakotah Lodge

    0.02 miles

  • AmericInn by Wyndham Sioux Falls North

    0.08 miles

  • Guesthouse Inn & Suites Sioux Falls

    0.15 miles

  • Motel 6 Sioux Falls

    0.19 miles

  • Best Western Plus Ramkota Hotel

    0.23 miles

  • Sleep Inn

    0.67 miles

  • Holiday Inn & Suites Sioux Falls - Airport

    0.78 miles

  • Super 8 Sioux Falls Near Convention Center

    1.18 miles

  • Ramada Sioux Falls Airport Hotel & Suites

    1.29 miles

  • Sioux Falls Inn

    1.31 miles

  • The Fruit Truck Market

    1.20 miles

  • Fair Market

    1.21 miles

  • Hy-Vee

    1.69 miles

  • Philippine Oriental Food Store

    1.98 miles

  • ALDI

    2.29 miles

  • Walmart Supercenter

    2.49 miles

  • Co-Op Natural Foods

    2.96 miles

  • Sunshine Foods

    3.04 miles

  • Marshalls

    3.30 miles

  • TJ Maxx

    3.96 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact The Dakota
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