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    221 Kennedy Memorial Dr Hoyt Lakes, MN 55750

    For Sale
    $347,500

    Commercial/Industrial - Hoyt Lakes, MN

    Property size:
    14,600 SF
    Days on Market:
    572
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 221 Kennedy Memorial Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COM
    APN
    142-0071-00030
    Parking
    10
    Parking features
    Paved or Surfaced
    Size
    14,600 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    Next Door Realty (218) 410-5353

    Listing agent Norma Jean Jofs (218) 410-5353

    Listing date May 21, 2024

    MLS# 146715 Listing URL

    Copyright © 2025 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mesaba Drug Store in Hoyt Lakes

    Located on the main street in Hoyt Lakes, the Mesaba Drug Store is a community staple. This pharmacy and variety store has served the residents of Hoyt Lakes and surrounding areas for years. The store offers a wide array of products, including a full-service pharmacy counter and an impressive selection of items. The store stocks household essentials, clothing, sporting goods, toys, and more. The property is located in Hoyt Lakes, MN, and has a property size of 14,600 square feet. The zoning is COM.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thrifty White Pharmacy Pharmacy Mesaba Drug and Marketplace Pharmacy

    Suggested Use

    Restaurant Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy Food Market Grocery Store

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

    Similar Places Nearby

    Thrifty White Pharmacy, Mesaba Drug and Marketplace

    Location Insight

    • Map
    • Local Demand
    City
    Hoyt Lakes
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.145801
    Latitude
    47.520402

    Nearby Similar for Sale

    • $2,000,000
      8.15 Acres

      Hoyt Lakes Turn-Key Facility

      20-unit assisted living facility on 8.1 acres in Hoyt Lakes.
      421 Kennedy Memorial Dr, Hoyt Lakes, MN 55750
      View Details

    FAQs

    What type of property is this?
    Drug store - Classic pharmacy and variety store serving Hoyt Lakes and surrounding areas.
    Where is this drug store located?
    The property is located at 221 Kennedy Memorial Dr Hoyt Lakes, MN.
    What is the asking price?
    The asking price for this property is $347,500.
    What are key features of this property?
    This property features: - Centrally located on the main street in the heart of Hoyt Lakes.; - Established business serving the community for years.; - Full-service pharmacy counter.
    (218) 410-5353
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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
    221 Kennedy Memorial Dr Hoyt Lakes, MN 55750
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