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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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2 4th Ave E, Federal Dam, MN 56641
$325,000
BEDS 3
BATHS 3 full
SQUARE FEET 672
MLS# 7025486
STATUS: Active
PROPERTY TYPE: Residential - Single Family
SUBDIVISION: Original
SCHOOL: Northland 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: Residential - Single Family Basement: Crawl Space Cooling: Ductless Mini-Split Fuel Type: Electric, Propane Garage: 2 car attached Heating: Ductless Mini-Split, Forced Air Lot Size: 0.51 Acres Roof Type: Age 8 Years or Less, Asphalt, Metal, Pitched Stories: 1.0 Taxes: $492 Year Built: 1950
Feature Descriptions
Accessibility: No Stairs Internal
Additional Living Info.: All Living Facilities on One Level, Main Floor Laundry, Rehabbed, Renovated
Additional Structures: Garage(s), Other, Storage Shed
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Bath: Main Floor 3/4 Bath, Main Floor Full Bath
Bathrooms 3/4: 2
Bathrooms Full: 1
Days on Site: 54
Dining: Kitchen/Dining Room
Down Payment Resource: Yes
Exterior: Frame
Fencing: Chain Link, Partial, Wood
Foundation Size: 672
Lot: Corner Lot
Lot Dimensions: 120x200
Parcel#: TBD
Parking: Attached Garage, Concrete
Sewer: City Sewer/Connected
Water: Private
Local Schools
School District: Northland Community Schools
Listed By / Shown By
Agency Name: Real Broker,LLC
Agency Phone: 651-370-9026
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Estimated Payment
$ 1,865.58 per month
$1,729.79 Principal & Interest
$41.00 Property Tax
$94.79 Homeowner's Insurance
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2 4th Ave E | MLS# 7025486
This single family home located at 2 4th Ave E, Federal Dam, MN 56641 is currently listed for sale with an asking price of $325,000. This property was built in 1950 and has 3 bedrooms and 3 full baths with 672 sq. ft. 4th Ave E is located in the Original subdivision within the Northland Community Schools school district. Search Original real estate on nanderson.counselorrealty.com today.