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$ 210,000
Est. payment | /mo
0.73 Acres Lot
$ 210,000
Est. payment | /mo
0.73 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Hoyt Lakes Sub 3
MLS Listing ID 6776137
Year Built 1951
Annual Tax Amount $1,970
Tax Year 2025
Contingent None
Lot Size 0.730 Acres
Acres 0.73
Lot Dimensions 216x93x199x140
Property Description
Situated off the main drag in the heart of Hoyt Lakes this 12 unit apartment building has so much potential! Restore this into apartments or an easy conversion into hotel/vacation rental to maximize the income. Currently it has 10 efficiency apartments, 2 two bedroom apartments, a designated laundry room, and a separate storage room area. Each unit has a kitchen area and a full bathroom and a couple of the efficiency units have doors to create conjoining rooms. The electric appears to be separated to each unit. There is currently an asphalt parking lot and there is a lot more yard to make it bigger or use it for another building, a playground area, or whatever your vision brings to you! This location is just a short drive from world class golfing, skiing, mountain biking and dining at Giant's Ridge. Don't forget the countless number of fantastic fishing lakes, Skibo lookout tower for amazing views, and don't forget just up the road is one of the best OHV parks in the nation.
Location
State MN
County St. Louis
Zoning Other
Rooms
Basement None
Interior
Heating Boiler, Hot Water
Inclusions Building, Land
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Flat
Present Use Residential
Building
Story Two
Foundation 3679
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco
Schools
School District Mesabi East
Listed by Joseph Tome • GRAND PROPERTIES REAL ESTATE
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Jason Dowdey
REALTOR® | Lic# 40507956