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Mesaba Drug Store For Sale
For Sale
$347,500

221 Kennedy Memorial Drive, Hoyt Lakes, MN 55750

COMMERCIAL - Hoyt Lakes, MN

Days on Market254

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: May 26 Last Checked: Aug 1 at 1:06AM
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.

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. The store offers an impressive selection that includes clothing, sporting goods, and toys. Aisles are stocked with various colors and types of yarn and sewing supplies. The store also offers Hallmark birthday cards and basic household essentials.

Key Highlights

  • Centrally located on the main street in the heart of Hoyt Lakes.
  • Full‑service pharmacy counter.
  • Wide array of products; a one‑stop shop for daily needs.

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.

Location Intelligence

Trade Area within ½ mile

59
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 - Community staple pharmacy and variety store in Hoyt Lakes, MN.
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: Centrally located on the main street in the heart of Hoyt Lakes.; Full‑service pharmacy counter.; Wide array of products; a one‑stop shop for daily needs.
More about this property
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