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Student Housing Investment Opportunity
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1001 N Dakota St, Vermillion, SD 57069

Student housing near the University of South Dakota.

Property SizeContact for details
Days on Market184

Property Features for 1001 N Dakota St

General Information

Standard status Active
Class A
Total Parking Spaces 242
Property subtype Multifamily
Occupancy 81%

Building Details

Year Built 2019
Buildings 1
Stories 4
Units 74
Listing Agency: Bender Commercial
Listed By: Alex Soundy · License #SD 18022
Source: Crexi
Added: Feb 17 Changed: Aug 8 Last Checked: Aug 17 at 5:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bender Commercial

Investment Insights

Based on property information with market context.

The Heights - Vermillion is a student housing investment property featuring 236 beds within 74 units. The property is located adjacent to the University of South Dakota, which has approximately 10,000 students across all programs. The location provides students with convenient access to academic facilities, athletics, and campus amenities.

Key Highlights

  • Premier student housing investment property with 236 beds and 74 units.
  • Strategically located adjacent to the University of South Dakota (USD).
  • Immediate proximity and walkability to USD campus**, academic facilities, athletics, and amenities.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Dental Office Big Box & Wholesale Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

346
Businesses Nearby

Demographics for 57069, SD

13,005
Population
5,307
Households
2.5
Avg Household Size
27
Median Age
50%
College-Educated
94%
High-School Grad
169.3 sq mi
ZIP Area
77
Density / Sq Mi
$54,720
Median Household Income
$20,652
Median Earnings
$731
Median Rent
$225,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Student housing near the University of South Dakota.
Where is this apartment building located?
The property is located at 1001 N Dakota St Vermillion, SD.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Premier student housing investment property with **236 beds and 74 units**.; Strategically located adjacent to the University of South Dakota (USD).; Immediate proximity and walkability to USD campus**, academic facilities, athletics, and amenities.
(605) 496-2966 Call to check price and availability
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