Monarch Village is a visionary master-planned community encompassing approximately 64 acres in the City of Canton, a suburb adjacent to Sioux Falls, South Dakota. The development has been approved for the construction of 80 single-family residential (SFR) lots and up to 300 multi- and mixed-use residential units. The project is planned to unfold in 6 to 8 phases, depending on market demand.
Unique Community Design and Amenities
Monarch Village will stand out with its unique design, setting a new standard for neighboring cities to emulate. The development aims to attract a diverse influx of buyers from various jurisdictions, offering unparalleled amenities that are currently not available in Canton or surrounding suburbs. Key features of Monarch Village include:
- Walking Trails: Designed to traverse the entire village, these trails will provide scenic routes for residents to enjoy.
- Water Features: Enhancing the natural setting, these features will add to the community’s aesthetic appeal.
- Dog Park: A lively space within the commercial and retail setting to foster community interaction.
- Grandis Pond: An outdoor venue at the heart of the village where families and residents can gather for social events.
Affordable Housing Options
The development will feature multi-residential and mixed-use condominiums and townhomes at the southeast corner, near Grandis Pond. These units will be offered at prices ranging from the mid $200,000s to the mid $400,000s, providing affordable housing options for a vibrant community. Monarch Village is poised to become the “Canton Crown Jewel,” offering a thriving lifestyle at unprecedented affordability, appealing to Millennials, Gen Z, and other demographics.
Strategic Location and Community Appeal
Located just 20 miles southeast of Sioux Falls, Monarch Village is ideally situated to cater to a variety of lifestyles. Whether a first-time visitor to South Dakota, a working professional, or a family, residents will enjoy a charming small-town feel with modern amenities and retail infrastructure that support shopping, entertainment, and daily living needs.
Canton: A Growing Community
Canton, situated in Lincoln County, offers a wealth of recreational activities with the Big Sioux River, Newton Hills State Park, and Lake Alvin nearby. The city is home to six industries and provides an attractive environment for new commercial enterprises. The Canton Economic Development Corporation (CEDC) actively stimulates the growth of commercial, industrial, and housing developments.
Key Community Statistics (2022)
- Median Resident Age: 40.7
- Median Household Income: $62,210
- Average Daily Commute: 20 minutes
Education (2019/2020 Academic Year)
- Lawrence Elementary School: 396 students
- Canton Middle School: 207 students
- Canton High School: 267 students
Top 5 Industries by Employment (2022)
- Health Care: 339 employees
- Manufacturing: 328 employees
- Finance/Insurance: 136 employees
- Accommodation/Food Services: 123 employees
- Construction: 122 employees
Economic Development Initiatives
The CEDC continues to prioritize the development of the Canton Industrial Park, a 28-acre site zoned for various business activities. The park is already home to companies like Adam’s Thermal, Terex, and Johnson Feed. Recent developments include Decker Sales’ new 33,600 square foot facility, which broke ground in November 2022, promising more jobs and opportunities for Canton.
Sioux Falls: A Regional Hub
Sioux Falls, with a population of approximately 203,287, is the most populous city in South Dakota and ranks as the 117th most populous city in the United States. Known for its affordability and rapid growth, Sioux Falls has seen a notable increase in residents. The housing market has become increasingly competitive, with a median listing price of $349,900 for single-family homes as of August 2023. This has created significant demand for housing in Sioux Falls and its neighboring cities, highlighting the timeliness and potential of the Monarch Village project.
Monarch Village is set to be a landmark development in Canton, bringing modern comfort, urban convenience, and vibrant community life to the area. This project represents an exciting joint venture opportunity in the thriving business community of Canton, South Dakota.
