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$ 475,000
Est. payment /mo
Active
2894 E Old Orchard Trl Sioux Falls, SD 57103
0.63 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Resi 1 acre or less
Listing Status Active
Purchase Type For Sale
Subdivision Orchard Heights Addn
MLS Listing ID 22602812
HOA Y/N No
Lot Size 0.631 Acres
Property Sub-Type Resi 1 acre or less
Property Description
Prime opportunity to purchase a residential property with significant upside potential. The existing home is currently livable and offers the opportunity for renovation, updating, and personalization to create additional value. For buyers looking for a new construction opportunity, the property also provides the flexibility to remove the existing structure through a program with the South East Development Foundation (SEDF), creating a clean lot ready for future development.
This unique offering combines immediate usability with long-term investment potential. Through the SEDF program, qualified buyers may be eligible for a potential tax credit estimated between $150,000–$200,000, providing a substantial financial advantage for those planning a new build, redevelopment project, or strategic investment.
Whether you choose to update the existing home or take advantage of the redevelopment opportunity, this property offers options rarely available in today's market. Review the attached document for complete details regarding the SEDF program, eligibility requirements, and application process.
This unique offering combines immediate usability with long-term investment potential. Through the SEDF program, qualified buyers may be eligible for a potential tax credit estimated between $150,000–$200,000, providing a substantial financial advantage for those planning a new build, redevelopment project, or strategic investment.
Whether you choose to update the existing home or take advantage of the redevelopment opportunity, this property offers options rarely available in today's market. Review the attached document for complete details regarding the SEDF program, eligibility requirements, and application process.
Location
State SD
County Minnehaha
Area Sfse02
Zoning Residential
Exterior
Fence None
Utilities Available City Gas, Electricity
Building
Lot Description Corner, City Lot, Flat
Sewer City Sewer
Water City at Site
Schools
Elementary Schools Harvey Dunn Es
Middle Schools Ben Reifel Middle School
High Schools Washington Hs
School District Sioux Falls
Others
Restrictions None
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LIsted by Keller Williams Realty Sioux Falls • Mert Kramer
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