$2,000,000

421 Kennedy Memorial Drive, Hoyt Lakes, MN 55750

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$2,000,000

(499,000) 05/22/2023

421 Kennedy Memorial Drive Hoyt Lakes, MN 55750

For Sale MLS# 6203124

13,880 sq ft Commercial

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Data current as of 18/12/2025 22:11:20

Details for 421 Kennedy Memorial Drive

MLS# 6203124

Description for 421 Kennedy Memorial Drive, Hoyt Lakes, MN, 55750


Amazing opportunity in pristine location in Hoyt Lakes, MN. Turn-key 20-unit facility on 8.1 acres. Previously used as an assisted living facility…. Endless opportunity with over 13,000 sf. Built in 2010 this facility has been meticulously maintained.

Listing Information


Property Type: Commercial, Apartments/Multi Family,Business Opportunity

Status: Active

Lot Size: 8.15 Acres

Square Feet: 13,880 sq ft

Year Built: 2010

Foundation: 13,880 sq ft

Garage: Yes

Stories: 1 Story

Subdivision: Rls 94

Number Of Units Total: 20

Current Use: Other

County: St. Louis

Days On Market: 1301

Construction Status: Previously Owned

School Information


District: 2711 - Mesabi East

Interior Features


Accessibility: Grab Bars In Bathroom, Roll-In Shower, No Stairs External, No Stairs Internal, Doors 36+, Hallways 42+, Fully Wheelchair

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Other Utilities: Electric Common,Heating Common,Hot Water Common

Cooling: Central, Window

Heating: Forced Air, Radiant, Boiler, In-Floor Heating, Natural Gas

Exterior / Lot Features


Garage Spaces: 2

Open Parking: 20

Parking Description: Driveway - Asphalt, Garage Sq Ft - 576.0

Exterior: Brick/Stone, Cement Board

Roof: Composition

Lot Dimensions: Irr

Zoning: Residential-Multi-Family

Additional Exterior/Lot Features: Tree Coverage - Medium, Land Inclusions - Building,Fixture/Equipment,Land

Community Features


Community Features: Community Room, Amusement/Party Room

Association Amenities: Patio, Porch

Driving Directions


Kennedy Memorial Hwy to property

Financial Considerations


Tax/Property ID: 142005500010

Tax Amount: 17732

Tax Year: 2024

HomeStead Description: Non-Homesteaded

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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

Schools nearby 421 Kennedy Memorial Drive

Schools in attendance boundaries Grades Distance Rating
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

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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