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!
Listed By
Agency Name: Real Broker,LLC
Agency Phone: 651-370-9026
Shown By
Agency Title: LeBlanc Realty
Agency Phone: 218-281-7451
Estimated Payment
$ 859.10 per month $723.31 Principal & Interest $41.00 Property Tax $94.79 Homeowner's Insurance
2 4th Ave E | MLS# 7025486
This single family home located at 2 4th Ave E, Federal Dam, MN 56641 is currently listed for sale with an asking price of $325,000. This property was built in 1950 and has 3 bedrooms and 3 full baths with 672 sq. ft. 4th Ave E is located in the Original subdivision within the Northland Community Schools school district. Search Original real estate on www.leblancrealty.com today.