Listing Agency: Next Door Realty Show Phone

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

Source: Exprealty

Added: Sep 16 Changed: Sep 18 Last Checked: Sep 24 at 12:10PM

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Investment Insights

Based on property information with market context.

Vaughn's is an operating conventional restaurant with a 21-year history serving the East Iron Range. The business is described as fully operational and ready for continued service, giving the next owner an established restaurant property rather than a vacant commercial space.

Located at 312 Westover Rd in Hoyt Lakes, the property sits along regional ATV and snowmobile trail traffic. A liquor license is available through the City of Hoyt Lakes for the next owner. The property is identified with a size of 1,800, although the source does not specify the unit of measurement.

Key Highlights

• Operating restaurant with 21 years of history
• Fully operational business ready for continued service
• Located along regional ATV and snowmobile trail traffic

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

Similar For Sale Nearby

Operational Restaurant Near Trail Routes

312 Westover Rd, Hoyt Lakes, MN 55750

$299,900

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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?

Conventional restaurant - Operating restaurant positioned along regional ATV and snowmobile trail traffic.

Where is this conventional 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: Operating restaurant with 21 years of history; Fully operational business ready for continued service; Located along regional ATV and snowmobile trail traffic