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$860,000
Est. payment /mo
75,927 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type General Comm Land
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 75,927 sqft
Price per Sqft $11
Subdivision Other - Outside Jurisdiction
MLS Listing ID 22502262
HOA Y/N No
Lot Size 1.743 Acres
Acres 1.743
Lot Dimensions irregular
Property Sub-Type General Comm Land
Property Description
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.
Location
State SD
County Other (out Of Jurisdiction)
Area Outside Mls Jurisdiction
Zoning Commercial
Exterior
Fence None
Utilities Available Storm Sewer
Building
Lot Description Corner, City Lot, Flat
Sewer City Sewer
Water City at Site
Schools
Elementary Schools Vermillion Elem School - Vermillion 13-1
Middle Schools Vermillion Ms
High Schools Vermillion Hs
School District Vermillion
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Listed by Hegg, REALTORS • Ron P Weber