Affinity Real Estate in Park Rapids MN
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MLS 7025484
Commercial

$325,000

2 E 4th Avenue
Federal Dam MN 56641

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!

Additional Details

Year Built: 1950
Acres: 0.505 Acres
Lot Dimensions: 120x200
Garage Spaces: 2
School District: 734
Subdivision: Original
County: Cass
Taxes: $492
Taxes with Assessments: $642
Tax Year: 2025
CurrentUse: Commercial, Recreational, Residential, Resort, Retail

Additional Features

Basement: Crawl Space
Fuel: Array
Sewer: City Sewer/Connected
Water: 4-Inch Submersible, Drilled, Private, Well
Air Conditioning: Ductless Mini-Split
Appliances: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Roof: Age 8 Years or Less, Asphalt, Metal

Listing Status

Active
2026-02-24 01:39:38 Date Listed
2026-02-24 01:39:38 Last Update
2026-02-24 01:39:38 Last Photo Update

Listed by Real Broker,LLC

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Affinity Real Estate Inc
600 Park Avenue South / PO Box 512
Park Rapids, MN 56470

218-237-3333

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216.73.216.155

Affinity Real Estate in Park Rapids MN
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