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Hoyt Lakes,MN 55750
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 31,363 sqft
Price per Sqft $5
Subdivision Hoyt Lakes Sub 3
MLS Listing ID 6776137
Year Built 1951
Annual Tax Amount $1,970
Lot Size 7,069 Sqft
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
Community Hoyt Lakes Sub 3
Zoning Other
Interior
Heating Boiler,Hot Water
Flooring 31363.2
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate,Heating Common,Hot Water Common
Roof Type Flat
Building
Foundation Slab
Water City Water/Connected