Building Details

Building materials Wood Frame

Roof type Metal

Listing Agency: Next Door Realty Show Phone

Listed By: Norma Jean Jofs · License #40713911 Show Phone

Added: Sep 16 Last Checked: Sep 26 at 12:06PM

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MLS# 150691

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 operating restaurant in Hoyt Lakes has served the East Iron Range for 21 years. The property is positioned along regional ATV and snowmobile trail traffic, supporting seasonal customer activity. A liquor license is available through the City of Hoyt Lakes for the next owner.

The building uses wood-frame construction with a metal roof, forced-air natural-gas heating, and central air conditioning. COM zoning is in place. The restaurant is located at 312 Westover Rd in Hoyt Lakes, Minnesota, and is currently open for business.

Key Highlights

• 21 years of restaurant operating history
• Positioned along regional ATV and snowmobile trail traffic
• Liquor license available through the City of Hoyt Lakes

Property Analytics

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Current Use

Vaughn's Restaurant Restaurant

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

66

Businesses Nearby

3k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar Tree Shops & Services

2,579 visits/mo 0.2 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

Questions? Ask Rey

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What type of property is this? Where is this restaurants located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Turnkey Conventional Restaurant

312 Westover Rd, Hoyt Lakes, MN 55750

$299,900

1,800 SF

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Pharmacy and Variety Store

221 Kennedy Memorial Drive, Hoyt Lakes, MN 55750

$347,500

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Frequently Asked Questions

What type of property is this?

Restaurant - Established dining business with seasonal customer traffic from regional ATV and snowmobile trails.

Where is this restaurant located?

The property is located at 312 Westover Rd Hoyt Lakes, MN.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: 21 years of restaurant operating history; Positioned along regional ATV and snowmobile trail traffic; Liquor license available through the City of Hoyt Lakes