MLS#7025484
STATUSActive
PROPERTY TYPECommercial - Retail
SUBDIVISIONOriginal
SCHOOLNorthland Community Schools
Property 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, 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 Features
Property Type: Commercial - Retail
Cooling: Ductless Mini-Split
Fuel Type: Electric, Propane
Garage: 2
Heating: Ductless Mini-Split, Forced Air
Lot Size: 0.51 Acres
Roof Type: Age 8 Years or Less, Asphalt, Metal
Stories: 1.0
Taxes: $492
Year Built: 1950
Feature Descriptions
Appliances: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Basement: Crawl Space
Current Use: Commercial, Recreational, Residential, Resort, Retail
Days on Site: 19
Exterior: Frame
Foundation Size: 672
Handicap Accessible: No Stairs Internal
Lot: Corner Lot, Tree Coverage - Light
Lot Dimensions: 120x200
Parcel#: 883371430
Parking: Attached Garage, Gravel
Road Frontage: Paved Streets
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land
Sewer: City Sewer/Connected
Units: 3
Utilities: Electric Separate, Heating Separate
Water: 4-Inch Submersible, Drilled, Private, Well
Local Schools
School District: Northland Community Schools
Listed By / Shown By
Listed By
Agency Name: Real Broker,LLC
Agency Phone: 651-370-9026
Shown By
Agent Name: Joel Hentges
Agent Phone: (952) 475-9541
Agency Title: Joel Hentges - Re/Max Advantage Plus
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2 4th Avenue E | MLS# 7025484
This commercial property located at 2 4th Avenue E, Federal Dam, MN 56641 is currently listed for sale with an asking price of $325,000. 4th Avenue E is located within the Northland Community Schools school district. Search Federal Dam real estate on jhentges.homesbyjoel.com today.