1001 S Burr St, Mitchell, SD 57301 For Lease

This Property is offered as a Lease opportunity for an independent Hotel Operator seeking to operating their own business autonomously. Ownership is not pursuing a Management Agreement and will remain passive, acting solely as Landlord.

Located in Mitchell, South Dakota, the property benefits from strong visitor traffic supported by interstate travel, tourism, and recurring Local and State Events. Mitchell is home to the World’s Only Corn Palace, a nationally recognized attraction drawing over 500,000 annual visitors for Concerts, Festivals, and Seasonal Programming.

The Hotel’s long-standing name, The Corn Palace Inn, reflects a direct connection to this iconic destination and presents a unique opportunity for an incoming Operator to align branding and guest experience with one of South Dakota’s most recognizable landmarks.

The property features 60+ guest rooms, making it well-suited for Operators seeking meaningful guest capacity and the ability to capture event-driven and travel-related demand.

Building Highlights

• Offered as a Hotel Lease Opportunity for an independent Operator

• Owner seeking a Tenant to Lease the Property and operate their own business independently

• Not seeking a Management Opportunity

• 60+ rooms providing significant guest capacity

• Direct Interstate access

• High visibility from a primary roadway

• Ample on-site parking

• Strong seasonal visitor traffic supported by tourism and Local/State Events.

The Property offers value-add potential, with ownership open to an operator’s vision for cleaning, minor updates, and selective fixture or item replacement. Additionally, Mitchell’s Only Corn Palace features changing themes, creating an option opportunity for an operator to periodically refresh select guest rooms or common areas to align with seasonal and past events including themed programming, subject to Landlord approval.

This flexibility allows an experienced Operator to enhance differentiation, modernize the guest experience, and better capture peak visitor demand while maintaining operational independence.