2 4th Avenue E, Federal Dam, MN 56641 (MLS# 7025484)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Single Family
Foundation Size: 672
Garage Stalls: 2
For Sale or Lease: For Sale
Acres: 0.5
Lot Dimensions: 120x200
Assessment Pending: No

Property Features

Accessible: No Stairs Internal Air Conditioning: Ductless Amenities Shared: None Amenities Unit: Ceiling Fan(s); Deck; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Assumable Loan: Not Assumable Basement: Crawl Space CMU Style: Apartments and Retail; Business Opportunity; Freestanding; Mixed Use; Resort Construction Materials: Frame Construction Status: Previously Owned Current Use: Commercial; Recreational; Residential; Resort; Retail Existing Financing: Conventional Exterior: Wood Fencing: Partial Flooring: Engineered Wood Foundation: Pillar/Post/Pier; Raised; Other Fuel: Electric; Propane Heating: Forced Air Internet Options: Cable; DSL; Fiber Optic; Satellite Loan Terms: Cash; Conventional Lock Box Type: None Lot Description: Corner Lot; Tree Coverage - Light Miscellaneous Information: Building Sign; Out Buildings On Site Utilities: Electric Separate; Heating Separate Overhead Door Clearance: 10-14 Feet Parking Characteristics: Gravel Lot Pool Description: None Potential Use: Diversified; Income; Motel/Hotel; Restaurant; Retail; Shop Rent Rate per Foot: Other Road Frontage: Paved Streets Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles; Metal Sewer: City Sewer/Connected Stories: One Topography: Level Water: 4-Inch Submersible; Drilled; Private; Well

Contract Information

Contingency: None
ListPrice: 325000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2
Street Name: 4th
Street Suffix: Avenue
Street Direction Suffix: E
Postal City: Federal Dam
County: Cass
State: MN
Zip Code: 56641
Complex/Dev/Subdivision: Original

Assessments

Tax With Assessments: 642
Assessment Balance: 0

Building Information

Building Finished SqFt: 672
Building SqFt: 672
Ceiling Height: Less Than 8 Feet

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes
Building Sign: Yes
Out Buildings: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 24x40
Garage Door Height: 9
Garage Door Width: 8
Garage Square Feet: 960
Gravel Lot: Yes

Public Survey Info

Range#: 28
Section#: 34
Township#: 144

Sale Options

Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Other

Unit 1

No. of 1 Bedroom Units: 3

Unit Details

Total Units: 3

Office/Member Info

Association: ICBR

Location, Tax and Other Information

Legal Description: LOTS 7 THRU 10 BLK 14
Listing City: Federal Dam
Map Page: 999
Municipality: Federal Dam
School District: Northland Community Schools
School District Phone: 218-566-2351
Zip Plus 4: 6752
Property ID Number: 883371430
Tax Year: 2025
Tax Amount: 492
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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!
Directions: From US Hwy 2, go south on Co Rd 8 NE to sign on left.

Accessible

No Stairs Internal: Yes

Air Conditioning

Ductless: Yes

Amenities Shared

None: Yes

Amenities Unit

Ceiling Fan(s): Yes
Deck: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Assumable Loan

Not Assumable: Yes

Basement

Crawl Space: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Wood: Yes

Fencing

Partial: Yes

Flooring

Engineered Wood: Yes

Foundation

Pillar/Post/Pier: Yes
Raised: Yes
Other: Yes

Fuel

Electric: Yes
Propane: Yes

Heating

Forced Air: Yes

Internet Options

Cable: Yes
DSL: Yes
Fiber Optic: Yes
Satellite: Yes

Lock Box Type

None: Yes

Lot Description

Corner Lot: Yes
Tree Coverage - Light: Yes

Patio, Porch and Deck Features

Deck: Yes

Pool Description

None: Yes

Road Frontage

Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes
Metal: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Topography

Level: Yes

Water

4-Inch Submersible: Yes
Drilled: Yes
Private: Yes
Well: Yes

No. of Ranges

Three: Yes

No. of Refrigerators

Four: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes

CMU Style

Apartments and Retail: Yes
Business Opportunity: Yes
Freestanding: Yes
Mixed Use: Yes
Resort: Yes

Current Use

Commercial: Yes
Recreational: Yes
Residential: Yes
Resort: Yes
Retail: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Overhead Door Clearance

10-14 Feet: Yes

Potential Use

Diversified: Yes
Income: Yes
Motel/Hotel: Yes
Restaurant: Yes
Retail: Yes
Shop: Yes

Rent Rate per Foot

Other: Yes