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