Sheridan Lake Road

Hwy 385

Sheridan LakeMarina

Horse Creek Inn & Resort18.07 Acres

Chris Long, CCIMCommercial Broker605.939.4489chris@rapidcitycommercial.com

Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.com

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Exclusively listed by:

C A B I N S | R V PA R K | R E S T A U R A N T | PA R K M O D E L S | D O C K & B O A T R E N T A L S

RESORT & MARINA FOR SALEHorse Creek Inn & Resort | Sheridan Lake Marina23570 US Highway 385 | 16451 Sheridan Lake RoadRapid City, SD 57702

Updated February 2020

Your Property...Our PrioritySM

Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

PROPERTY DETAILSHorse Creek Inn & Resort | Sheridan Lake Marina

Horse Creek Inn & Resort Property: 8GuestCabins,SalesOffice,Restaurant,RVandPark

ModelSites Acres: 18.07 Zoning: GeneralCommercial YearsBuilt: 1918,1924,1937,1938,1970 TaxID&LegalDescription: 5146(13.3Acres)-SaxonPlacerMS1250,LOT17LESS

OUTLOT1&RTY(ALSOINSECTION3) 5147(4.77Acres)-SaxonPlacerMS1250,OUTLOT1OF

LOT17&30’RTY Taxes(2019): $14,596.70

Sale Price: $925,000Property Highlights• Established,multi-income,fullamenityresortalongHwy385

• 8guestcabins&25RVsites• Historic3,060SFrestaurantwithfullbar• Parkmodelsalesandlotrental(13lotsrented)

• IdeallylocatedintheheartoftheBlackHills,HorseCreekInn&Resortisnestledinaquiet,secludedvalleyalongHorseCreekandaroundthecornerfromSheridanLakeRecreationArea

• RestaurantandsalesofficehavefrontageonHwy385.RVsites,cabinsandparkmodelsitesarehiddenfromthebusyhighway

• PropertyisclosetoallthesightsintheBlackHills-30minutestoMtRushmore,CrazyHorseandCusterStateParktothesouth,45minutestoDeadwood/Leadtothenorth,and30minutestoRapidCitytotheeast

• BorderedbyForestServicewithpedestrianandvehicleaccesstothetrailsand1milefromtheSheridanLakeNorthBoatLaunch

Sheridan Lake Marina Property: 118totalboatslips(112rentals,6usedbyowner) —NorthShore-88boatslips —SouthShore-30boatslips —Marinastore&3bed/1bathvacationrental —Maintenancegarage Acres: +/-6.5acresleasedfromForestService(~3%ofgross

sales) Zoning: ForestService YearsBuilt: 1967 TaxID&LegalDescription: 12951-MS972,BLLONNW1/4NW1/4(MARINA) Taxes(2019): $2,206.66

Sale Price: $1,625,000(withHorseCreekResort,notavailableseparately)

Property Highlights• Full-servicemarinaoffersboatrentals,baitandfishingtackle,conveniencefoodsandoutdoorequipment

• LocatedonSheridanLake,apopularyear-roundoutdoorrecreationdestinationforBlackHillstouristsandresidents.SheridanLakeis383acreswith7.5milesofshorelineofferingfishing,hiking,boatingandswimming

• OfferstheonlylakefrontvacationrentalwithintheBlackHills,availableyear-round• Just1milefromHorseCreekInn&Resort,bothonly30minutesfromRapidCityviaSheridanLakeRoadandonHwy385,themajorthoroughfaretoallmajortouristsitesandtownsintheBlackHills

• Boatslip,boatandequipmentrentalsrunfromMay1throughOctober1;vacationrentalavailableyear-round.Rentalratesincludedonfollowingpages

• Alldocksreplacedoverthelast7yearswithlong-lastingsteelframestructures• Employs6-7;1full-time,year-roundmaintenanceemployeeand5-6seasonalemployees• Futureplansfordevelopment(withForestServiceapproval)include10newcabins(2onthelake,8behindthemarina),showerhouseand20’x40’picnicpavilion

* Detailed financials for both properties available upon request.

Your Property...Our PrioritySM

Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

SITE PLAN23570 Hwy 385, Rapid City, SD 57702

TO RAPID CITY/HILL CITY/CUSTER

TO DEADWOOD/LEAD

US FOREST SERVICE

HORSE CREEK

USFS ACCESS

Horse CreekInn & Resort

18.07 Acres

DEEP WATER LINESHALLOW WATER LINESEPTIC

WELL

WELL

WELLDRAIN FIELD

x2

RESTAURANT

SALESOFFICE

HOMESTEADCABIN GUEST

CABIN

ROOM FOR EXPANSION

GUESTCABIN

GUESTCABIN

GUESTCABIN

GUESTCABIN

GUESTCABIN

RESIDENTRV & BOATPARKING

25NIGHTLY RV SITES

PARKMODELSITES

PARKMODELSITES

GUESTCABIN

LAUNDRY

Your Property...Our PrioritySM

Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

SITE PLAN16451 Sheridan Lake Road, Rapid City, SD

SOUTH SHORE1.0 Acres

NORTH SHORE3.11 Acres

Sheridan Lake Marina

South Shore30 Boat Slips1.0 Acres

MAINTENANCEGARAGE

MARINA STORE& VACATION RENTAL

DEVELOPMENTSITE

North Shore88 Boat Slips5.5 Acres

CUSTOMER PARKING

RV PARKING

Developmentplansprovideduponrequest.

Your Property...Our PrioritySM

Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

RENTAL RATESSheridan Lake Marina, Black Hills, SD

Vacation Rental• 3bed/1bath,sleeps8adults• Fully-equippedkitchen,laundryfacilities,satelliteTVandfreewi-fi• Private,handicappedaccessibleentranceand300SFdeckover-

lookingthelakeandmarina• 2-nightstayminimum,50%depositrequiredattimeofreservation• Nosmokingorpetsallowed• Discountedboatrentalswithstay,10%offallentreesatHorse

CreekInn• On-linereservationsviawebsite,Expedia.comorVRBO.comDates Nightly RateDecember-March $149April-May $189June-August $295**SturgisRallyWeek $400September-November $189**ExceptSturgisRallyWeek

Dock & Mooring Rentals• 112boatslipsrentals(118total)• Accommodationofboatsupto30’inlengthandoptionsforlarger

vessels• Mooringsavailableformonthlyornightlyrental• MooringbuoysatNorthandSouthmarinadockageareas.Shuttleor

ferryserviceprovided• BoatandtrailerdrystorageatMarinaoratHorseCreekResort• WinterstorageavailableType RateBoatSlip,NorthorSouth $700/season

$12/nightJetSkiDock,Northonly $250/seasonMooring $300/season

$60/month$5/night

DryStorage(Boat&Trailer) $50/month$4/night

DryStorage(Traileronly) $25/month

Wave Runner Rentals• TwoYamahaVX110waverunners• Quiet,4-strokeengines• 21yearsoldtooperateand5yearsoldtorideasapassenger

1 Hour 2 Hours 3 Hours 4 Hours Additional Hour (after 4 hrs)$75 $130 $180 $220 $60

Boat & Equipment Rentals

Equipment 2 HoursMorning

8 AM-1 PMAfternoon

2 PM - 7 PMFull Day

8 AM - 7 PM Additional HourDeck/SkiBoat,10adults $190 $250 $270 $320 $7518’Pontoon,8adults $130 $170 $190 $250 $3520’-22’Pontoon,12adults $150 $190 $210 $270 $3524’Pontoon,14adults $170 $230 $250 $300 $40FishingBoat,5adults $50 $75 $75 $110 $30Canoes&Kayaks $30 $50 $50 $70 $10PaddleBoat $30 $50 $50 $70 $10Stand-UpPaddleBoard $30 $50 $50 $70 $10TowTube $30 $30 $50 $10WakeBoardorKneeBoard $25 $25 $40 $10WaterSkis $20 $20 $30 $5FishingPole $10

Your Property...Our PrioritySM

Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

PHOTOSHorse Creek Inn & Resort, Black Hills, SD

Your Property...Our PrioritySM

Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

PHOTOSSheridan Lake Marina, Black Hills, SD

Your Property...Our PrioritySM

Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

LOCATION23570 Hwy 385, Rapid City, SD 57702

Hill City

Custer

Keystone

Hot Springs

Deadwood Sturgis

Spearfish

Sundance

Newcastle

Black Hills National Forest

Custer State Park

Mt. Rushmore

Crazy Horse Monument

Wind Cave National Park

Lead

Badlands National

Park

Box Elder

Hermosa

Ellsworth Air Force

BaseRapid CityHorse Creek Inn & ResortHorse Creek Inn & Resort

Sheridan Lake MarinaSheridan Lake Marina

Welcome to South Dakota and the Black Hills!TheMountRushmoreStateofSouthDakotahascarvedasolidreputationforbusinessfriendliness.Itisconsistentlyrankedinthetopfivestatesforsettingupandconductingbusiness.SmallandbigcompaniesalikearediscoveringSouthDakota’scentrallocationandprogressivebusinessclimate.TheBlackHillsboaststhecountry’smostrecognizednationalmonument-Mt.Rushmore-bringingmillionsoftouristsfromallovertheworldtoWesternSouthDakotaeveryyear.Forthepast8years,SouthDakotatourismhaspostedanincreaseinvisitation,visitorspendingandoverallimpactonthestate’seconomywith13.9millionvisitorstoSouthDakota,$3.88billioninvisitorspending,and53,894jobssustainedbythetouristindustry.

Rapid City Area Key StatsTotalWorkForce................................................65,250Employed............................................................62,900Unemployed.........................................................2,350UnemploymentRate.............................................3.6%Right-to-workLaw....................................................Yes

Employment by Sector:RetailTrade..........................................................8,400Transportation,Warehousing&Utilities............. 11,600Professional&BusinessServices........................5,100Educational&HealthServices...........................10,600Leisure&Hospitality.............................................7,800Government........................................................10,700

National RankingsRapid City—Best TownsOutdoor Life, 2010South Dakota—Best State for Business CNBC, 2016Rapid City— Best Places to Launch a Business CNN Money, 2009Rapid City—Cities with the Lowest Unemployment RateForbes, 2017Rapid City—Best Small City for Small BusinessVerizon, 2018

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4minutestoSheridanLakeMarina11minutestoHillCity24minutestoMtRushmore24minutestoCrazyHorse32minutestoRapidCity47minutestoDeadwood/Lead50minutestoCusterStatePark