Property Listing
Description
This unique property offers incredible versatility and income potential for the entrepreneurial-minded buyer. Located directly across the road from the Leech Lake Federal Dam Recreation Area, it is perfectly positioned to capture steady visitor traffic. The main home features a functional floor plan and an oversized attached garage. Two fully renovated and furnished one-bedroom cabins (taken down to the studs in 2022) currently operate as short-term rentals, generating excellent cash flow. Complementing the accommodations are two commercial spaces: a bait shop (completely renovated in 2024) and a gift shop, along with an RV pad and established firewood sales. Additional upgrades include new roofs on all buildings (garage to be completed within the next few weeks), new appliances, a new water softener, a new furnace in the main home, and many other improvements throughout. The sale also includes existing inventory, making this a true turnkey opportunity. Whether you’re looking to expand a resort business, launch multiple income streams, or simply enjoy living and working near the lake, this property presents a rare chance to own a ready-to-go investment in one of Minnesota’s most sought-after recreation areas. Don’t miss it!
Property Information
Status: Active
Sub Type: ********
List Price: $350,000
MLS#: 6790165
Current Price: $350,000
Address: 2 4th St E, Federal Dam, MN 56626
City: Federal Dam
State: MN
Postal Code: 56626
Geo Lat: 47.244389
Geo Lon: -94.217384
Subdivision: Original
County: Cass
Property Description
Year Built: 1950
Lot Size SqFt: 21780
Gen Tax: 642
Specials Inst: 0
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 672
Style: Array
Total Bedrooms: 3
Total Bathrooms: 3
Total Full Baths: 1
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: