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Community Pharmacy and Variety Store
For Sale
$347,500

221 Kennedy Memorial Drive, Hoyt Lakes, MN 55750

COMMERCIAL - Hoyt Lakes, MN

Property SizeContact for details
Days on Market279

Property Features for 221 Kennedy Memorial Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning COM
Lot features Downtown Area, Shopping Center
Subdivision Aurora/Hoyt Lakes/Biwabik
Standard status Active

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Roof type Rubber
Listing Agency: Next Door Realty
Listed By: Norma Jean Jofs · License #40713911
Added: Nov 20, 2025 Changed: Aug 4 Last Checked: Aug 26 at 11:06PM
MLS# 146715

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This commercial property houses a pharmacy and variety-store operation serving everyday consumer needs. The interior includes a full-service pharmacy counter alongside merchandise spanning household essentials, apparel, sporting goods, toys, greeting cards, yarn, sewing supplies, footwear, and seasonal items. The broad product mix supports the property’s established general-store format.

Positioned on Kennedy Memorial Drive in Hoyt Lakes, the building is described as centrally located along the community’s main street. The property carries COM zoning and is equipped with forced-air heating, central air conditioning, and a rubber roof.

Key Highlights

  • Full‑service pharmacy counter with an established variety‑store format
  • Merchandise includes household goods, clothing, sporting goods, toys, cards, and craft supplies
  • Located on Kennedy Memorial Drive in Hoyt Lakes

Property Analytics

Current Use

Thrifty White Pharmacy Pharmacy Mesaba Drug and Marketplace Pharmacy

Suggested Use

Top Pick Restaurant Dental Office Auto Repair Shop Hair Salon Spa & Massage Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

64
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Dollar Tree Shops & Services
2,579 visits/mo 0.4 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Thrifty White Pharmacy 221 Kennedy Memorial Dr, Hoyt Lakes, MN 55750
  • Mesaba Drug and Marketplace 221 Kennedy Memorial Dr, Hoyt Lakes, MN 55750

Frequently Asked Questions

What type of property is this?
Drug store - Commercially zoned property combines pharmacy operations with broad general-merchandise retail.
Where is this drug store located?
The property is located at 221 Kennedy Memorial Drive 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: Full‑service pharmacy counter with an established variety‑store format; Merchandise includes household goods, clothing, sporting goods, toys, cards, and craft supplies; Located on Kennedy Memorial Drive in Hoyt Lakes
More about this property
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