2 4th Ave E, Federal Dam, MN 56641
Original · Cass County
Key Facts
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 Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
(SF) Single Family
Year Built
1950
Stories
1
Living Area
672 sq ft
Lot Size
0.50 acres
Lot Dimensions
120x200
Garage Spaces
2
Zoning
Business/Commercial, Resi
Days on Market
23
MLS® Listing#
7025486
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Basement
Pool
Laundry
Patio
Fencing
Lot Features
Construction
Foundation
Roof
Other Structures
Sewer
Water Source
Rooms
- BathroomMain
- KitchenMain
- Living RoomMain
Financial Details
HOA
None
Annual Taxes
$642
Parcel Number
TBD
Directions
From US Hwy 2, go south on Co Rd 8 NE to sign on left.
Affordability Calculator
$65,000
Estimated monthly payment
$1,730/mo
Principal $260,000 · Est. interest $362,723 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Federal Dam, MN
- $466,667
- Median Listing Price
- 116
- Median Days on Market
- 1,858
- Median Sq Ft
- $265
- Median Price / Sq Ft
- 6
- Active Listings
- This home’s price is 30% below the area median.
- Its price per sq ft is 83% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Federal Dam, MN.
Location
- 2 4th Ave E, Federal Dam, MN 56641
Points of Interest in Federal Dam, MN
Showing the Federal Dam area map.
Nearby Schools
Bug-O-Nay-GE-Shig School
School · 9.2 mi away
Northland Community School
Secondary · 19.3 mi away
Remer Elementary School
Elementary · 19.3 mi away
Immanuel Lutheran School
Elementary · 19.6 mi away
W H A Elementary
Elementary · 19.8 mi away
Walker Hackensack Akeley Public Schools
Secondary · 19.8 mi away
Cass Lake School District
School · 20.4 mi away
Area Learning Center
Secondary · 20.4 mi away
Cass Lake-Bena Elementary School
Elementary · 20.5 mi away
Cass Lake-Bena Middle School
Secondary · 20.5 mi away
Deer River High School
Secondary · 20.9 mi away
King Elementary School
Elementary · 20.9 mi away
Leech Lake Head Start
School · 24.0 mi away
Laporte Secondary
Secondary · 25.4 mi away
Laporte Public School
School · 25.4 mi away
Cohasset Elementary School
Elementary · 28.1 mi away
Grand Rapids Senior High School
Secondary · 31.6 mi away
Forest Lake Elementary School
Elementary · 31.8 mi away
St Josephs Preschool
School · 32.0 mi away
Isd 318 - Grand Rapids & Bigfork
Elementary · 32.2 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Federal Dam
Listing Courtesy: Real Broker,LLC - 6513709026
Presented by: Dan Nielsen