1030 Elm St Vermillion, SD 57069
Estimated payment $4,915/month
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,483
Lot Details
- 1.74 Acre Lot
- Corner Lot
- Level Lot
- Property is zoned Commercial
Schools
- Vermillion Elementary School - Vermillion 13-1
- Vermillion Middle School
- Vermillion High School
Community Details
- Other Outside Jurisdiction Subdivision
Listing and Financial Details
- Assessor Parcel Number 15340-00100-21000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,483 | $66,512 | $66,512 | $0 |
| 2023 | $1,472 | $58,008 | $58,008 | $0 |
| 2022 | $1,267 | $52,542 | $52,542 | $0 |
| 2021 | $1,142 | $50,112 | $50,112 | $0 |
| 2020 | $1,138 | $50,112 | $50,112 | $0 |
| 2019 | $7,435 | $50,112 | $50,112 | $0 |
| 2018 | $4,969 | $48,593 | $48,593 | $0 |
| 2017 | $5,337 | $48,593 | $48,593 | $0 |
| 2016 | -- | $47,075 | $47,075 | $0 |
| 2015 | -- | $47,075 | $47,075 | $0 |
| 2011 | -- | $42,519 | $42,519 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Pending | -- | -- | -- |
| 04/02/2025 04/02/25 | For Sale | $860,000 | -- | -- |
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22502262
APN: 15340-00100-210-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Information is deemed reliable but not guaranteed.
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