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    421 Kennedy Memorial Dr Hoyt Lakes, MN 55750

    Sponsored
    For Sale
    $2,000,000

    Commercial - Hoyt Lakes, MN

    Lot size:
    8.15 Acres
    Days on Market:
    475
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 421 Kennedy Memorial Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential-Multi-Family
    APN
    142005500010
    Parking features
    Driveway
    Exterior features
    Brick/Stone, Cement Board
    Lot size
    8.15 Acres

    Utilities

    Heating system
    Forced Air, Radiant
    Cooling system
    Central Air

    Building Details

    Year built
    2010
    Roof type
    Composition
    Architectural style
    Other

    Eos Realty, LLC (651) 330-3359 [email protected]

    Listing agent Kristopher G. Jacobsen (651) 330-3359

    Listing date Sep 18, 2024

    MLS# 6203124 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hoyt Lakes Turn-Key Facility

    Located in Hoyt Lakes, Minnesota, this turn-key facility offers an opportunity on 8.1 acres. The property, previously used as an assisted living facility, comprises 20 units within a 13,000+ square foot building constructed in 2010. The meticulously maintained facility is located at 421 Kennedy Memorial Drive, Hoyt Lakes, MN 55750.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carefree Living Home Health Care Service

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Auto Repair Shop Pharmacy Bar & Pub Daycare Center Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hoyt Lakes
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.12916227
    Latitude
    47.51938191

    Nearby Similar for Sale

    • $347,500
      14,600 SF

      Mesaba Drug Store in Hoyt Lakes

      Classic pharmacy and variety store serving Hoyt Lakes and surrounding areas.
      221 Kennedy Memorial Dr, Hoyt Lakes, MN 55750
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - 20-unit assisted living facility on 8.1 acres in Hoyt Lakes.
    Where is this assisted living facility located?
    The property is located at 421 Kennedy Memorial Dr Hoyt Lakes, MN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Turn-key 20-unit facility.; - Meticulously maintained and built in 2010.; - Pristine location in Hoyt Lakes, MN on 8.1 acres.
    (651) 270-5429
    Request Owner's contact information
    421 Kennedy Memorial Dr Hoyt Lakes, MN 55750
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    Hoyt Lakes, MN 55750
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 Kennedy Memorial Dr Hoyt Lakes, MN 55750
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