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LOCATION, LOCATION, LOCATION! Own the CLOSEST HOTEL to MOUNT RUSHMORE! Currently Super 8 by Wyndham! Lewis Realty proudly presents the closest hotel to Mount Rushmore National Memorial in the Beautiful Black Hills of South Dakota. This hospitality listing has three stories, 42 rooms, and services - including breakfast lounge area, ice machines, guest laundry, and currently unused pool building. Seller has done many upgrades over the past few years with new exterior carpet this year. Located right next to the bustling Keystone Strip Mall with coffee shops, restaurant/bars, and gift shops galore. This is the last year of the Wyndham Flag contract meaning it is wide open to decide if you'd like to pick a different flag or do your own BOUTIQUE HOTEL! It is priced well below replacement cost at under 60,000 per key. It is being sold as an asset purchase as current financials do not reflect what the property can do due to extenuating circumstances of the seller. Do your own math and make this your own. This section of Highway 16A has the HIGHEST TRAFFIC COUNT in the entire Black Hills during the summer tourist months and Keystone is the busiest summer tourist town in the Black Hills. Have a look at this one of a kind opportunity!

Highlights

  • Commercial Sale
  • Business
  • Built in 1991
  • 0.65 Acre Lot
  • 130 days on Market

  • Year Built
    1991
  • Stories
    3.0
  • Living Area
    19228.0
  • Furnished
    Furnished
  • Pool Features
    Outdoor Pool

  • Acres
    0.65
  • Lot Features
    Level, Corner Lot

  • County
    Pennington
  • City
    Keystone
  • Zip Code
    57751

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Frequently Asked Questions

How do I schedule a tour of 702 Highway 16a?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 702 Highway 16a.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 702 Highway 16a?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $2,490,000. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Keystone, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 702 Highway 16a?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 702 Highway 16a at around $14,170. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 702 Highway 16a?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Pennington County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 702 Highway 16a?

In most cases, yes. Whether 702 Highway 16a is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Keystone's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 702 Highway 16a?

We can handle that for you. Our preferred local agent specializes in commercial sales in Keystone and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $2,490,000 with 19,228 sqft of space—that comes out to approximately $129 per square foot.

How long has this property been on the market?

702 Highway 16a was listed on July 06, 2026, which means it's been on the market for 130 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1991, making it approximately 35 years old.

What is the lot size of this property?

702 Highway 16a sits on a 0.65-acre lot, which is 28,314 square feet.

Is 702 Highway 16a still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Hegg Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright ©2026 Mount Rushmore Area Association of REALTORS®, Inc. Multiple Listing Service. All rights reserved.