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
Summary
- List Price: $860,000
- Annual Tax Amount: $1,471
- Tax Year: 2024
- Lot: Buildable, City Lot, Corner Lot, Level
- Directions: From Hwy 50, S on North Dakota St, W on Alumni St, the lot is located at corner of Alumni & Elm St.
- MLS Number: 22502262
- Office Name: Hegg, REALTORS
- Office Phone: (605) 336-2100
- Listing Agent: Ron Weber
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 other brokerage firms 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 provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. 
©2025 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2025, 7:20:28 PM 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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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. Typical income of Vermillion, SD residents is less than $<35k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
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
The listing price of 1030 Elm St property is $860,000.
The property 1030 Elm St is land located in Vermillion, South Dakota, 57069.
Active Listing: 1030 Elm St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1030 Elm St are: Jolley Elementary - 04 (GreatSchools Rating 5/10), Gayville-Volin Elementary - 02 (GreatSchools Rating 5/10), Elk Point-Jefferson Elementary - 02 (GreatSchools Rating 4/10), Vermillion Middle School - 02 (GreatSchools Rating 6/10), Wynot Middle School (GreatSchools Rating 2/10), Gayville-Volin Middle School - 03 (GreatSchools Rating 5/10), Vermillion High School - 01 (GreatSchools Rating 4/10), Wynot High School (GreatSchools Rating 8/10), Gayville-Volin High School - 01 (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $1,471 (source: MLS/based on county public records data).
The last sale was on October 31, 2019 for $248,000 (source: MLS/tax record).
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.