421 Kennedy Memorial Drive Hoyt Lakes, MN ^$ 1,900,000

421 Kennedy Memorial Drive

^$ 1,900,000

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421 Kennedy Memorial Drive

Hoyt Lakes, MN, 55750

^$ 1,900,000

Bedrooms-- Baths-- Sq 13,880

Monthly Estimate*

^$ 13,123

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Commercial Property for sale in Hoyt Lakes, MN

for $1,900,000. This 13,880 square foot building was built in 2010 on a lot size of 8.149.

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.

Commercial Active

Price

^$ 1,900,000

Property Type

Commercial

Taxes

^$ 22,788

Style

Lot Size

8.149

Year Built

2010

Town/City

Hoyt Lakes

County/Region

Saint Louis

MLS | Web ID

7054566

Features

General

Sewer City Sewer/Connected

Heating Boiler Forced Air In-Floor Heating Radiant

Cooling Central Air Window Unit(s)

Utilities Electric Common Heating Common Hot Water Common

Roof Composition

Garage Spaces 2

Year Built 2010

Levels One

Tax Year 2026

Current Use Other

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

County St. Louis

New Construction N

Property Type Commercial Sale

Association Amenities Patio Porch

Contingency None

Subdivision Name Rls 94

Directions Kennedy Memorial Hwy to property

City Hoyt Lakes

High School District Mesabi East

Zoning Description Residential-Multi-Family

Number Of Units Total 20

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 22788

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Interior

Basement None

Basement (Y/N) N

Fuel Natural Gas

Garage Square Feet 576

Exterior

Parking Features Asphalt

Lot Features Tree Coverage - Medium

Water Source City Water/Connected

Inclusions Building Fixture/Equipment Land

Lot Size Area 8.149

Building Area Total 13880

Lot Dimensions Irr

Waterfront Y/N N

Foundation Area 13880

Internal Only

Street Number 1 421

* Excluded Features

List By

Eos Realty, Llc

Broker

kristopher.g.jacobsen@gmail.com

Affordability Calculator

$15,022

Per Month

Monthly Principal & Interest: $13,123
Monthly Property Taxes: $1,899
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Hoyt Lakes, MN

Average List Price ^$1,900,000

Percent of Sale Price 0%

About Hoyt Lakes, MN

2,039 Population

-2% Since 2002

^$50,291 Median Income

48.5 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708560 Elementary School

708516 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
4/13/2026	$1,900,000		Listed Price

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421 Kennedy Memorial Drive, Hoyt Lakes, MN, 55750 is a Commercial Property for sale at $1,900,000 with 13,880 sqft and a lot size of 8.149. 421 Kennedy Memorial Drive was built in 2010. The property's zip code is 55750 which is in Hoyt Lakes, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/16/2026.

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421 Kennedy Memorial Drive

Commercial Property for sale in Hoyt Lakes, MN

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