$3,500,000

1116 Cornell St Vermillion, SD 57069

Estimated payment $23,700/month

-- Bed
-- Bath
29,952 Sq Ft
$117 Price per Sq Ft

Highlights

  • Gated with Attendant
  • Forced Air Heating System
  • Carpet
  • 1.57 Acre Lot

About This Home

Great investment opportunity in a college town experiencing good growth. Located near Polaris Industries, HyVee grocery store and the University of South Dakota. 28 of 32 units have been updated with new flooring and fresh paint. New roof on all buildings in 2024. As units become available, rents are increased to $1100/mo per unit. So far for June 1, 2026 - May 31, 2027 there are 4 units at $1100/mo with 4 more available so far.

Listing Agent

Michelle Maloney

Maloney Real Estate Listed on: 03/10/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $61,514

Year Built

  • Built in 2005

Lot Details

  • 1.57 Acre Lot
  • Lot Dimensions are 332 x 205

Parking

  • Paved Parking

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 29,952 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Schools

  • Vermillion Elementary School - Vermillion 13-1
  • Vermillion Middle School
  • Vermillion High School

Utilities

  • Forced Air Heating System

Community Details

Overview

  • 32 Units
  • Other Outside Jurisdiction Subdivision

Security

  • Gated with Attendant

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$61,514

Year Built

Built in 2005

Lot Details

1.57 Acres

Listing Details

  • Year Built: 2005
  • Stories: 2
  • Elementary School: Vermillion Elem School - Vermillion 13-1
  • High School: Vermillion HS
  • Property Type: MULTI-FAMILY
  • LotSizeAcres: 1.5695
  • Lot Size: 332 x 205
  • Security Features: Gated with Guard, Fire Alarm, Smoke Detector(s)
  • Co List Office Mls Id: 763526037
  • Subdivision Name: Other - Outside Jurisdiction
  • Directions: Highway 50 to Cherry St, turn south on Stanford St, then Left on Cornell.
  • Living Area: 29952.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Basement: None
  • Owner Pays: Gas, Grounds Care, Snow Removal, Trash Collection
  • Entry Location: Community
  • Flooring: Carpet, Vinyl, Laminate

Exterior Features

  • Roof: Composition
  • Construction Type: HardiPlank Type
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Paved

Utilities

  • Cooling: Other, Window Unit(s)
  • Heating: Forced Air, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: Vermillion
  • Middle Or Junior School: Vermillion MS

Lot Info

  • Zoning: Not Verified
  • Lot Size Sq Ft: 68369.0

Multi Family

  • Number Of Units Total: 32

Tax Info

  • Tax Annual Amount: 61514.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2026 03/10/26 For Sale $3,500,000 -- $117 / Sq Ft
Source: REALTOR® Association of the Sioux Empire

Source: REALTOR® Association of the Sioux Empire

MLS Number: 22601714

REALTOR® Association of the Sioux Empire
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