421 Kennedy Memorial Drive, Hoyt Lakes, MN 55750 (MLS# 7054566)

421 Kennedy Memorial Drive, Hoyt Lakes, MN 55750

$1,900,000
Property Type: Commercial Square Footage: 13,880 Lot Size (sq. ft.): 354,578 Status: Active
Current Price: $1,900,000 List Date: 4/13/2026 Last Modified: 6/26/2026

Overview

Description

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 Details MLS# 7054566

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
20
Owner Occupied
No
Waterfront YN
No
Year Built
2010
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
13880
Garage Stalls
2
For Sale or Lease
For Sale
Acres
8.14
Lot Dimensions
Irr
Assessment Pending
No

Property Features

Accessible: Doors 36"+; Fully Wheelchair; Grab Bars In Bathroom; Hallways 42"+; No Stairs External; No Stairs Internal; Roll-In Shower Air Conditioning: Central Air; Window Unit(s) Amenities Shared: Patio; Porch Basement: None CMU Style: Apartments/Multi Family; Business Opportunity Construction Status: Previously Owned Current Use: Other Exterior: Brick/Stone; Cement Board Foundation: None Fuel: Natural Gas Heating: Boiler; Forced Air; In-Floor Heating; Radiant Loan Terms: Cash; Contract for Deed; Conventional; Special Funding Lot Description: Tree Coverage - Medium On Site Utilities: Electric Common; Heating Common; Hot Water Common Roof: Composition Sewer: City Sewer/Connected Shared Rooms: Amusement/Party Room; Community Room Stories: One Wall Description: Drywall; Finished; Insulated Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1900000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
421
Street Name
Kennedy Memorial
Street Suffix
Drive
Postal City
Hoyt Lakes
County
St. Louis
State
MN
Zip Code
55750
Complex/Dev/Subdivision
Rls 94

Assessments

Tax With Assessments
22788

Building Information

Building Finished SqFt
13880
Building SqFt
13880

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
576

Sale Options

Sale Includes
Building, Fixture/Equipment, Land

Unit 1

No. of 1 Bedroom Units
20

Unit Details

Total Units
20
IDX
Listing Office: Eos Realty, LLC
Last Updated: June - 26 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.