855 N 5th St - Hospitality FOR SALE


Custer, SD 57730
$6,895,000 USD
970-819-4948
855 N 5th St, Custer, SD for Sale
$6,895,000 USD
Hospitality - FOR SALE
1/34
null | Request Cap Rate

855 N 5th St
Custer, SD 57730


HIGHLIGHTS

  • 64-room independent hotel on 5.5 private acres in Custer, SD
  • Over $2M in recent capital improvements including mechanical, HVAC, electrical, plumbing, FF&E, and extensive room upgrades
  • Upscale Alpine-inspired design with refreshed exteriors, landscaping, and modernized guest amenities
  • Two pools (indoor and outdoor), hot tub, tennis court, patios, and guest recreation areas
  • 3,000 SF on-site manager’s residence with private access and office integration
  • Strong market performance with exceptional occupancy, ADR, and RevPAR metrics

OVERVIEW

Rare opportunity to acquire one of South Dakota's most profitable independent boutique hotels. Located on 5.5 private acres along Highway 385 in Custer, SD, this 64-room luxury property is the closest hotel to the iconic Crazy Horse Memorial and minutes from Mount Rushmore, Custer State Park, and the full breadth of Black Hills attractions. Non-franchised and fully independent, this is a business with no brand fees, no mandatory PIPs, and complete owner control. A true turnkey operation, the property has seen over $2 million in capital improvements over the past 11 years, including new roofs on all buildings, updated HVAC units, refreshed bathrooms, resurfaced parking and sports courts, new commercial laundry facilities, enhanced internet infrastructure, and full guestroom furnishing upgrades. Amenities include a stunning indoor heated pool, fenced outdoor pool, pickleball and basketball courts, multiple guest patios, free laundry, and two EV charging stations. A private 3,000 sq ft, 3-bed/2-bath owner's quarters is included on site. The Black Hills remains one of the Midwest's most resilient tourism markets, and the timing for this acquisition is exceptional: fireworks return to Mount Rushmore for the first time since 2009 to celebrate the nation's 250th anniversary in 2026, expected to be the region's largest tourism event in a generation. The property is staffed, systematized, and fully operational with documented procedures, modern PMS, and integrated OTA distribution — suitable for owner-operators and qualified investors alike. Full financials and offering materials available upon NDA execution.

FOR SALE DETAILS

PRICE

$6,895,000 USD

PRICE/SF

$164 USD /SF

# OF ROOMS

64

PRICE/ROOM

$107,734 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bavarian Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

undefined, undefined

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

84

LAND DETAILS

LAND ACRES

5.5 AC

LAND SF

239,580 SF

ZONING

Hospitality

APN/PARCEL ID

008790,008791

ASK ABOUT THIS PROPERTY

Dan EmertPrime Investment Properties LLCMore Info
970-819-4948

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dan EmertPrime Investment Properties LLCMore Info
970-819-4948

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.