Is there a 4-bedroom acreage home for sale near Sioux Falls, SD? Yes. 46284 268th St in Chancellor, South Dakota offers four bedrooms, three bathrooms, 2,169 square feet, a 38x46 insulated outbuilding, and 1.53 acres, listed at $625,000, approximately 25 minutes from central Sioux Falls.

Finding a home with real land, a true outbuilding, and finished square footage in all the right places gets harder every year in the Sioux Falls metro. Inventory in that combination is thin. When something like 46284 268th St in Chancellor, South Dakota hits the market, it tends to attract serious attention fast.

This is not a property where you are paying for potential. The work has already been done. A 2020 steel roof. A thoughtfully expanded floor plan. Three bathrooms across 2,169 finished square feet. And a 38x46 insulated outbuilding with a concrete floor and propane heat that would cost a significant amount to replicate today.

Here is what you need to know about this Chancellor acreage.

The Property at a Glance

• Address: 46284 268th St, Chancellor, SD 57015
• Price: $625,000
• Bedrooms: 4
• Bathrooms: 3 (2 full, 1 half)
• Square Feet: 2,169 (1,597 main level + 572 finished basement)
• Lot Size: 1.53 acres
• Year Built: 1979 (with a significant addition)
• Outbuilding: 38x46, insulated, concrete floor, propane heat
• Roof: 2020 steel
• MLS Number: 22603639

A Floor Plan That Actually Works

One of the things that gets lost in a simple bedroom count is how a home actually flows. This property has been thoughtfully designed and expanded over time, and the layout reflects that.

The main level carries most of the functional weight. The primary bedroom suite includes dual closets and an updated walk-in shower. A second oversized bedroom, added as part of the home's expansion, is larger than the primary and works well as a guest suite, flex room, or a second primary option for families with specific needs. The main level full bathroom includes a dual vanity and a tub/shower combination.

A dedicated laundry room with a half bath rounds out the main level, which means you can handle the daily routine without going downstairs.

The gas fireplace anchors the main living space and gives the common area a focal point that goes beyond the functional.

The Basement Adds Real Living Space

The 572-square-foot finished basement expands the home's entertaining footprint. A family room with a second fireplace, plus a bar area, makes this a space people actually want to use. Two fireplaces across two levels is not something you see every day in this price range.

The Outbuilding Is the Story

For a lot of buyers in this part of the Sioux Falls metro, the outbuilding is what moves this property from "nice" to "exactly what I've been looking for."

The 38x46 insulated shop with a concrete floor and propane heat is genuinely usable year-round. Whether your need is equipment storage, a workshop, a hobby space, or a business requiring operational space outside the home, this building delivers. At current construction costs, putting up a comparable structure is a significant investment on its own.

This is the kind of utility that changes how you use a property every single day.

What the 2020 Steel Roof Means for You

A steel roof is not a cosmetic upgrade. It is a long-term structural decision that reduces ongoing maintenance, improves weather resistance, and typically carries a lifespan that extends well beyond what a standard shingle roof provides.

Installed in 2020, this roof is relatively new and represents a meaningful capital improvement that a buyer inherits. If you are comparing properties and doing the math on what you would need to spend in the next 10 years, this is a line item you can take off the list.

The Location: Chancellor and the Sioux Falls Metro

Chancellor is a small community in Lincoln County, South Dakota, situated approximately 25 minutes from central Sioux Falls. It sits in a part of the metro where land is still available and properties with acreage are not uncommon, but properties with this combination of finished square footage, outbuilding size, and overall condition are rare at this price.

If you are looking for the lifestyle that comes with a larger lot and rural feel without giving up reasonable proximity to the Sioux Falls job market, shopping, healthcare, and amenities, this stretch of Lincoln County checks that box. Lincoln County is one of the fastest-growing counties in South Dakota, driven in large part by its position within the Sioux Falls metro.

How This Property Compares

Buyers looking at acreage in the Sioux Falls area often find that comparable properties require tradeoffs. A home with a large outbuilding may lack finished basement space. A property with the right square footage may sit on a smaller lot. A newer construction with land may come in at a higher price point.

This Chancellor property stacks features that are typically spread across multiple listings at this price range. Four bedrooms. Three bathrooms. Main floor primary suite. Finished basement with a second fireplace. 1.53 acres. And a 38x46 outbuilding that most comparable homes simply do not have.

The National Association of REALTORS® 2025 Profile of Home Buyers and Sellers consistently shows that buyers of rural and semi-rural properties prioritize outdoor and utility space alongside finished square footage. This property delivers on both.

Practical Details Worth Knowing

• Heating: Electric furnace, with propane available in the outbuilding. Two fireplaces provide supplemental heating in common areas.
• Septic: Private system
• Garage: Attached two-stall, connects directly to the main level
• Windows: Several have been replaced
• Utilities: Propane for outbuilding heat; electric for the home's primary system

FAQ

What is the price per square foot for this Chancellor acreage? At $625,000 for 2,169 finished square feet, the price per square foot is approximately $288. That figure does not account for the 1.53-acre lot or the 38x46 outbuilding, which add substantial value that does not show up in a simple square footage calculation.

How far is Chancellor, SD from Sioux Falls? Chancellor is approximately 25 minutes from central Sioux Falls, South Dakota, located in Lincoln County. It offers rural character with reasonable access to the metro's employment, healthcare, and retail base.

Who should I contact about scheduling a showing for this property? This listing is represented by Craig Bertrand, REALTOR® with Berkshire Hathaway HomeServices Midwest Realty in Sioux Falls. Craig works with buyers across the Sioux Falls metro and surrounding Lincoln and Minnehaha County communities. Call or text 605-951-8421 to schedule a showing.

Ready to See It?

If this Chancellor acreage is the kind of property you have been looking for, let's get you out there before it goes. Listings with this combination of land, outbuilding, and finished square footage do not sit long.

Craig Bertrand is a REALTOR® with Berkshire Hathaway HomeServices Midwest Realty serving buyers and sellers across the Sioux Falls metro, including Brandon, Harrisburg, Tea, Hartford, and surrounding communities. As Your Forever Agent®, Craig's goal is to be your resource not just through closing day but for as long as you own your home.

Call or text Craig at 605-951-8421 to schedule a private showing of 46284 268th St in Chancellor, South Dakota.

Craig Bertrand | REALTOR® | Berkshire Hathaway HomeServices Midwest Realty | 605-951-8421 | [email protected]