20-Unit Assisted Living
For Sale
$1,900,000
421 Kennedy Memorial Drive, Hoyt Lakes, MN 55750
Commercial Sale, Hoyt Lakes, MN
Property SizeContact for details
Lot Size8.15 Acres
Days on Market180
Property Features for 421 Kennedy Memorial Drive
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Residential-Multi-Family
Parking features
Driveway
Accessibility
Accessible Approach with Ramp
Subdivision
Rls 94
Lot features
Tree Coverage - Medium
High school district
Mesabi East
Directions
Kennedy Memorial Hwy to property
Standard status
Active
APN
142005500010
Lot size
8.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
22788
Utilities
Heating system
Oil, Forced Air, Radiant
Cooling system
Central Air
Building Details
Year built
2010
Roof type
Composition
Listing Agency:
Eos Realty, LLC
(651) 330-3359
Listed By:
Kristopher G. Jacobsen
(651) 270-5429
Added: Apr 13
Changed: Oct 8
Last Checked: Oct 9 at 3:06PM
MLS# 7054566
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 20-unit property was previously used for assisted living. Built in 2010, it has a composition roof and a ramp providing an accessible approach. Heating systems include oil, forced air, and radiant heat, with central air conditioning for cooling.
The property is located at 421 Kennedy Memorial Drive in Hoyt Lakes, Minnesota. On-site parking is provided by a driveway.
The property is located at 421 Kennedy Memorial Drive in Hoyt Lakes, Minnesota. On-site parking is provided by a driveway.
Key Highlights
- 20‑unit facility with a history of assisted living use
- Built in 2010
- Accessible approach with ramp
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 55750, MN
2,035
Population
957
Households
2.1
Avg Household Size
46
Median Age
18%
College-Educated
95%
High-School Grad
175.1 sq mi
ZIP Area
12
Density / Sq Mi
$64,653
Median Household Income
$33,942
Median Earnings
$90,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - The property has ramp-accessible entry, central air conditioning, and oil, forced-air, and radiant heating.
Where is this assisted living facility located?
The property is located at 421 Kennedy Memorial Drive Hoyt Lakes, MN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 20‑unit facility with a history of assisted living use; Built in 2010; Accessible approach with ramp
