$325,000
2 4th Avenue E Federal Dam, MN 56641
For Sale MLS# 7025484
Other
Details for 2 4th Avenue E
MLS# 7025484
Description for 2 4th Avenue E, 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, 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 Information
Property Type: Commercial
Status: Active
Lot Size: 0.51 Acres
Square Feet: 672 sq ft
Year Built: 1950
Foundation: 672 sq ft
Garage: Yes
Stories: 1 Story
Subdivision: Original
Number Of Units Total: 3
Current Use: Commercial,Recreational,Residential,Resort,Retail
County: Cass
Days On Market: 102
Construction Status: Previously Owned
School Information
District: 118 - Northland Community Schools
Interior Features
Appliances: Microwave, Washer, Range, Refrigerator, Exhaust Fan/Hood, Dishwasher, Dryer
Flooring: Engineered Wood
Basement: Crawl Space
Accessibility: No Stairs Internal
Additional Interior Features: Kitchen Window, Ceiling Fan(s), Natural Woodwork
Utilities
Water: Private, Well, 4-Inch Submersible, Drilled
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate
Cooling: Ductless Mini-Split
Heating: Ductless Mini-Split, Forced Air, Propane, Electric
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 2
Open Parking: 6
Parking Description: Attached Garage, gravel lot, Garage Dimensions - 24x40, Garage Door Height - 9, Garage Door Width - 8, Garage Sq Ft - 960.0
Exterior: Wood
Roof: Age 8 Years or Less, Asphalt Shingles, Metal
Lot Dimensions: 120x200
Zoning: Business/Commercial,Residential-Single Family
Topography: Level
Fencing: Partial
Additional Exterior/Lot Features: Deck, Corner Lot, Tree Coverage - Light, Land Inclusions - Building,Business,Business Assets,Fixture/Equipment,Inventory,Land,Other, Road Frontage - Paved Streets
Out Buildings: Out Buildings
Driving Directions
From US Hwy 2, go south on Co Rd 8 NE to sign on left.
Financial Considerations
Tax/Property ID: 883371430
Tax Amount: 492
Tax Year: 2025
HomeStead Description: Homesteaded
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 2 4th Avenue E
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2 4th Avenue E
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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