1030 Elm St, Vermillion, SD 57069
Local realty services provided by:Better Homes and Gardens Real Estate Beyond



1030 Elm St,Vermillion, SD 57069
$860,000
- 1.74 Acres
- Lots / Land
- Active
Listed by:ron weber
Office:hegg, realtors
MLS#:22502262
Source:SD_RASE
Price summary
- Price:$860,000
About this home
Prime 1.73-Acre Multi-Family Lot in the Heart of Vermillion – Ideal for Student Housing Development Located just blocks from the University of South Dakota campus, this 1.73-acre city lot offers a rare opportunity for multi-family development in one of Vermillion’s most in-demand areas. With building eligibility already in place, this site is perfectly positioned for investors or developers looking to capitalize on the growing need for student housing. Unbeatable Location Situated within walking distance to the Dakota Dome, USD Sports Center, and the core university campus, this lot provides unmatched convenience for students and faculty alike. The close proximity to major campus facilities makes it an ideal location for student apartments, townhomes, or a mixed-use residential concept. Zoned for Growth With multi-family zoning and a generous 1.73-acre footprint, the lot supports a wide range of residential development options. Whether you’re planning to build market-rate apartments, student-focused housing, or long-term rentals, the lot’s size and location allow for flexible design and efficient density. Development-Ready This parcel already has building eligibility, streamlining your path from concept to construction. With city utilities nearby and access from established streets, the site is ready for your next project. Don’t miss this chance to invest in one of Vermillion’s most promising development opportunities. Student enrollment at USD continues to rise, and demand for quality, nearby housing remains strong. This lot offers the location, size, and zoning to bring your vision to life. Inquire today to explore development potential and secure your place in Vermillion’s growing market. This may be part of a 1031 exchange for seller. This is a vacant lot, the property is sold "AS IS", Seller makes no warranties or guarantees, express or implied, regarding the condition , suitability or any other aspect of the property. Closing to take place at Getty Abstract, Sioux Falls.
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Home facts
- Listing Id #:22502262
- Added:133 day(s) ago
- Updated:August 11, 2025 at 02:35 PM
Structure and exterior
- Lot area:1.74 Acres
Schools
- High school:Vermillion HS
- Middle school:Vermillion MS
- Elementary school:Vermillion Elem School - Vermillion 13-1
Utilities
- Sewer:City Sewer
Finances and disclosures
- Price:$860,000
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