2 4th Ave E Federal Dam, MN 56641

$325,000
Active
estimated monthly payment
3 Beds  |  3 Baths  |  672 Sq Ft  |  Single Family  |  MLS # 7025486
  • 2 4th Ave E, Federal Dam, MN 56641 Listing Photo  1
  • Beautiful property
    Beautiful property
  • Amazing setting
    Amazing setting
  • 2 4th Ave E, Federal Dam, MN 56641 Listing Photo  4
  • Gift & bait shop
    Gift & bait shop
  • Beautiful setting
    Beautiful setting
  • Cabins
    Cabins
  • Main home & garage
    Main home & garage
  • Gift shop
    Gift shop
  • Garage & fire pit
    Garage & fire pit
  • Cabin
    Cabin
  • Leech Lake Dam across the road
    Leech Lake Dam across the road
  • Cabin
    Cabin
  • Cabin
    Cabin
  • Cabin
    Cabin
  • Cabin
    Cabin
  • Cabin
    Cabin
  • Cabin
    Cabin
  • Cabin
    Cabin
  • Bait shop
    Bait shop
  • Bait shop
    Bait shop
  • Bait shop
    Bait shop
  • Laundry area
    Laundry area
  • Gift shop
    Gift shop
  • Gift shop
    Gift shop
  • Gift shop
    Gift shop
  • Gift shop
    Gift shop
  • Main house
    Main house
  • Main house
    Main house
  • Main house
    Main house
  • Main house
    Main house
  • Main house
    Main house
  • Main house
    Main house
  • Main house
    Main house
  • Main house
    Main house
  • Main house
    Main house
  • Main house
    Main house
  • Back yard
    Back yard
  • Bait shop
    Bait shop
  • Gift shop
    Gift shop
  • Main house
    Main house
  • Garage
    Garage
  • Beautiful setting
    Beautiful setting
  • Proximity to dam / campground
    Proximity to dam / campground
  • 2 4th Ave E, Federal Dam, MN 56641 Listing Photo  45

About The Listing

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, 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!


Listing courtesy of Dan Nielsen, Real Broker,LLC
Purchase Price
Loan Type
Down Payment
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
HOA Dues
Private Mortgage Insurance
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Active
Contingency Type: None
Year Built: 1950
MLS #: 7025486
Bedrooms: 3
Square Feet: 672
Bathrooms (Full): 1
Price Per Square Foot: $484
Bathrooms (Half) : 0
Bathrooms (Three Quarters) : 2
Garage Spaces: 2
Parking Description: Attached Garage, Concrete
Sewer Description: City Sewer/Connected
Air Conditioning Type: Ductless Mini-Split
Water: Private
Heat Type: Ductless Mini-Split, Forced Air
Basement: Crawl Space
Construction Description: Frame
Roof Description: Age 8 Years or Less, Asphalt, Metal, Pitched
Days On Market (Continuous): 0
Disability Features: No Stairs Internal
Latest Update: 02/24/2026
List Date: 02/23/2026
Listing Agent ID: 501000566
Listing Office: Real Broker,LLC
Listing Office ID: 252799
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Laundry Features: Common Area, Laundry Room, Main Level
Number of Fireplaces: 0
Fence: Chain Link, Partial, Wood
Lot Dimensions: 120x200
Lot Size: 0.505 Acres
Pool Description: None
Lot Features: Corner Lot
School District: Northland Community Schools
Tax Year: 2025
Estimated Taxes: $492
Contingency Type: None
City: Federal Dam
Zip: 56641
County: Cass
Subdivision: Original
State: MN
Listing last updated: 02/24/26

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