Property details
About 1030 Elm St
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.
Highlights
(Active - Contingent Misc)
Summary
- MLS Number: 22502262
- Office Name: Hegg, REALTORS
- Office Phone: (605) 336-2100
- Listing Agent: Ron Weber
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Last updated on: 4/16/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$860,000
1030 Elm St
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 31, 2019 | Home Sold | $248,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $66,512 | $1,471 |
| 2023 | $58,008 | $1,324 |
| 2022 | $52,542 | $1,267 |
| 2021 | $50,112 | $1,141 |
| 2020 | $50,112 | $- |
| 2018 | $48,593 | $- |
| 2017 | $48,593 | $- |
History based on county public records data.
Nearby schools
5
Jolley Elementary - 04
Public District 2-5
1.0 mi
•224 S University St
5
Gayville-Volin Elementary - 02
Public District PK-5
14.2 mi
•100 Kingsbury St
4
Elk Point-Jefferson Elementary - 02
Public District KG-5
14.3 mi
•500 S Franklin St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,339. Residents of Vermillion, SD typically earn less than $<35k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
Pro Wrestling
Figure Skating
Where do the neighbors shop?
Academy Sports & Outdoors
Wal-Mart
Family Dollar
Where do the neighbors go to eat?
Little Caesars
Sonic
Dominos Pizza
What do the neighbors drive?
Chevrolet
Oldsmobile
Ford
What do the neighbors listen to?
Country
Contemporary Inspirational
New Country
Frequently asked questions
About 1030 Elm St
This home is located at 1030 Elm St in Vermillion, SD and zip code 57069. Features: 0 bathroom. It has been listed on Rocket Homes since April 2, 2025 and is currently priced at $860,000.