ent years, the change of urban function and the decrease in birth rate have given rise to merge, abolition and relocation of the existing schools. This study explores the possibilities for various land utilizations of relocated school sites, using the trial case of 'A' elementary school in Eun-pyeong gu, Seoul. 'A' elementary school has happened transfer plan due to the urban development project of the redevelopment area, Eun-pyeong gu in Seoul. Firstly, it studies the land use categories and the development methodologies of 7 relocated school sites happened in Seoul. In addition, it analyzes the land utilization after relocation, development principals, area, building usage and changes in land use regulation. Finally, it proposes the commercial exploitation of school site targeting 'A' elementary school site. Throughout the profit analysis, this study concludes that it is available to exploit the relocated school sites by the variety of development methodologies, especially in a metropolis like Seoul.