1899 Inn


Deadwood, SD   Offered for sale at $1,800,000
 

Since it was established 10 years ago, the 1899 Inn has grown to become one of the best-reviewed lodging properties in the Dakotas. It's also the only Victorian bed-and-breakfast in the Black Hills town of Deadwood, a National Historic Landmark and tourist town with legalized gaming and five surrounding National Park sites. It's been mentioned in travel articles in Readers Digest, Men's Health, and 605 Magazine. Upon escaping the Westboro Baptist Church, Megan Phelps-Roper stayed at the Inn for several months. Parts of her memoir "Unfollow" were written here.

The central 5,000 square-foot house has seven guest rooms and six guest bathrooms, plus an additional bedroom and bathroom in a separate owners' apartment on the lower level. The property also includes a 1,500 square-foot duplex at the back of the property. Each side has a living room, kitchen, two bedrooms, and a bathroom. The duplex is currently being used as guest cottages, but the house occupies a subdivided parcel and each side has its own street address.

All guest rooms have views of the surrounding mountains and national forest. The property has modern, updated rooms decorated in a blend of antiques and contemporary furnishings. Foundation, porches, and plumbing were overhauled in 2010, with additional reinforcement during a 2020 expansion. All six bathrooms have been updated in the last five years. The third floor was renovated in 2016, the kitchen was renovated in 2017, roof was replaced in 2019, the owners apartment was added in 2020, and the second-floor bathrooms were renovated in 2022. Maintenance is up-to-date. The grounds are modest, but include flower gardens, mature grape vines, a raspberry bush, an off-street parking lot with seven spaces, and a separate concrete patio and driveway.

The bed-and-breakfast business is completely turnkey, with all assets (including furnishings and future reservations) included in the sale. EBITDA for 2021 was approximately $225k, and gross sales were roughly $300k. The property contributes to the National Historic Landmark district, which means it's automatically on the national register; it's eligible for a wide range of grants provided by the City of Deadwood for the maintenance of historic properties.



Property Details
  • 9 Guest Rooms
  • 8 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1899
  • Last Renovated in 2022
  • Opened in 2012
  • Building is 6,500 SQFT
  • Lot is 0.4 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $1,800,000
  • Occupancy Rate: 52
  • Average Daily Rate: 162
  • Annual revenue is $300,000
  • Prequalify for Financing
Contact Information