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Fully Leased Apartment Property
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1317 Madison Street, Vermillion, SD 57069

Multifamily property combining apartment and townhome residences with laundry equipment inside each unit.

Property Size60,749 SF
Days on Market195

Property Features for 1317 Madison Street

General Information

Standard status Active
Size 60,749 SF
Property subtype MultiFamily Apartments

Building Details

Building Size 60,749 SF
Year Built 2008
Listing Agency: NAI Sioux Falls
Listed By: Lexa Rahn
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 30 Last Checked: Aug 30 at 6:36PM

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 NAI Sioux Falls

Investment Insights

Based on property information with market context.

Built in 2008, this multifamily property includes a combination of apartment residences and townhome-style units. Each residence is equipped with an in-unit washer and dryer, providing a defined feature for occupants. The property is fully leased and includes a mix of one-, two-, and three-bedroom floor plans with corresponding bath configurations ranging from one to three bathrooms.

The surrounding area includes the University of South Dakota, Dakota Dome, Sanford Clinic, Walmart, HyVee, Family Dollar, Casey's, Dairy Queen, Taco John's, Starbucks, UPS, McDonald's, and the Old Lumber Company. These nearby retail, dining, medical, educational, and community destinations provide established context for the property.

Key Highlights

  • Fully leased multifamily property
  • Mix of apartments and townhomes
  • One-, two-, and three‑bedroom floor plans

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm HVAC Service Auto Parts Store Big Box & Wholesale Store Plumbing Service Parking Lot & Garage

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

318
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property combining apartment and townhome residences with laundry equipment inside each unit.
Where is this apartment building located?
The property is located at 1317 Madison Street Vermillion, SD.
What are key features of this property?
This property features: Fully leased multifamily property; Mix of apartments and townhomes; One-, two-, and three‑bedroom floor plans
More about this property
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