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.
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Zillow last checked:
Listing updated:
Listed by:
Mert F Kramer,
Keller Williams Realty Sioux Falls605-275-0555
Source: Realtor Association of the Sioux Empire,MLS#: 22602812
Facts & features
Property
Features
Fencing: None
Lot
Size: 0.63 Acres
Dimensions: 90X340
Features: Corner Lot, City Lot, Level
Details
Parcel number: 41139
Zoning: Residential
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Available, Electricity Available
Community & HOA
Community
Subdivision: Orchard Heights Addn
HOA
Has HOA: No
Location
Region: Sioux Falls
Financial & listing details
Tax assessed value: $279,400
Annual tax amount: $3,636
Date on market: 5/8/2026
Electric utility on property: Yes
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,476/mo
Price history
Date
Event
Price
5/8/2026
Listed for sale
$475,000
Source: Realtor Association of the Sioux Empire #22602812Report a problem
12/28/2025
Listing removed
$475,000
Source: Realtor Association of the Sioux Empire #22507376Report a problem
9/25/2025
Listed for sale
$475,000-4.8%
Source: Realtor Association of the Sioux Empire #22507376Report a problem
9/16/2025
Listing removed
$499,000
Source: Realtor Association of the Sioux Empire #22504769Report a problem
6/23/2025
Listed for sale
$499,000
Source: Realtor Association of the Sioux Empire #22504769Report a problem
6/23/2025
Listing removed
$499,000
Source: Realtor Association of the Sioux Empire #22502750Report a problem
4/17/2025
Listed for sale
$499,000
Source: Realtor Association of the Sioux Empire #22502750Report a problem
1/30/2025
Listing removed
$499,000
Source: Realtor Association of the Sioux Empire #22500002Report a problem
1/1/2025
Listed for sale
$499,000
Source: Realtor Association of the Sioux Empire #22500002Report a problem
10/21/2024
Listing removed
$499,000
Source: Realtor Association of the Sioux Empire #22406553Report a problem
9/5/2024
Listed for sale
$499,000
Source: Realtor Association of the Sioux Empire #22406553Report a problem
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: Realtor Association of the Sioux Empire. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.