Belvidere East Exit 170 KOA Journey
Midland, SD
Asking price
$1,995,000
Sites
—
Cap rate
—
Price / site
—
About this property
Own an award-winning, highly rated campground at the Belvidere East Exit 170 KOA Journey, strategically located just off I-90 in the heart of Western South Dakota’s premier travel corridor. Affiliated with Kampgrounds of America, and situated near both Badlands National Park and the Black Hills, this turnkey property benefits from strong brand recognition, exceptional visibility, and consistent seasonal tourism traffic. The campground features established and diversified revenue streams, including RV site rentals, on-site retail, café operations, and additional guest services. A loyal base of returning guests, combined with a steady influx of new travelers each season, provides dependable and recurring income. With oversized RV sites, convenient big-rig access, and a peaceful prairie setting known for delivering an exceptional night’s sleep, this property offers both operational stability and guest appeal. This is a rare opportunity to acquire a stable, income-producing outdoor hospitality asset with meaningful upside and continued growth potential in one of South Dakota’s most desirable travel destinations.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $1,995,000 |
|---|---|
| Address | 24201 South Dakota 63 |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Site count and hookup mix — not disclosed
How many sites are there, and how many are full-hookup, partial or tent?
Full-hookup sites earn a multiple of what a tent site does. The count alone does not tell you the income.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
