221 Kennedy Memorial Drive, Hoyt Lakes, MN 55750

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221 Kennedy Memorial Drive Hoyt Lakes, MN 55750

For Sale MLS# 6370879

14,600 sq ftCommercial



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Data current as of 19/04/2024 20:54:12

Details for 221 Kennedy Memorial Drive

MLS# 6370879

Description for 221 Kennedy Memorial Drive, Hoyt Lakes, MN, 55750

Fantastic investment opportunity in downtown Hoyt Lakes, MN! Own Mesaba Drug and Marketplace, strategically located between the local grocery store and a bustling bar/restaurant, with ample parking for patrons. This versatile property offers over 14,000 sq ft of floor space, complete with shelving, displays, and stocked inventory. Benefit from additional rental income from the pharmacy area leased by White Drug. Don't wait, seize this exciting business venture today! Contact us for a private tour.

Listing Information

Property Type: Commercial, Retail/Shopping Center

Status: Active

Lot Size: 0.39 Acres

Square Feet: 14,600 sq ft

Year Built: 1970

Foundation: 14,600 sq ft

Subdivision: Rls #136

Number Of Units Total: 1

Current Use: Retail

County: St. Louis

Days On Market: 340

Construction Status: Previously Owned

School Information

District: 2711 - Mesabi East


Water: City Water/Connected

Sewer: City Sewer/Connected

Other Utilities: Electric Separate,Hot Water Separate

Cooling: Central

Heating: Forced Air, Natural Gas

Exterior / Lot Features

Open Parking: 20

Exterior: Brick/Stone

Roof: Flat

Zoning: Business/Commercial

Additional Exterior/Lot Features: Land Inclusions - Building,Business Assets

Driving Directions

In Strip Mall

Financial Considerations

Tax/Property ID: 142007100030

Tax Amount: 2492

Tax Year: 2023

HomeStead Description: Non-Homesteaded

Buyer Broker Compensation: 2.25%

Facilitator Compensation: 2.25%

Price Changes

$194,900 Original Price
$349,900 Current Price
+$155,000Total Change
Date Price Change
05/16/2023 02.29 PM $349,900+$155,000
05/15/2023 02.23 PM $194,900
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The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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Schools nearby 221 Kennedy Memorial Drive

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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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