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Federal Dam,MN 56641
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 672 sqft
Price per Sqft $520
Subdivision Original
MLS Listing ID 6790165
Bedrooms 3
Full Baths 1
Three Quarter Bath 2
Year Built 1950
Annual Tax Amount $492
Tax Year 2025
Lot Size 0.510 Acres
Property Sub-Type Single Family Residence
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 (garage to be completed within the next few weeks), 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!
Location
State MN
County Cass
Zoning Business/Commercial,Residential-Single Family
Rooms
Dining Room Kitchen/Dining Room
Interior
Heating Ductless Mini-Split,Forced Air
Cooling Ductless Mini-Split
Exterior
Parking Features Attached Garage,Concrete
Garage Spaces 2.0
Fence Chain Link,Partial,Wood
Pool None
Roof Type Age 8 Years or Less,Asphalt,Metal,Pitched
Building
Lot Description Corner Lot
Story One
Foundation 672
Sewer City Sewer/Connected
Water Private
Structure Type Wood Siding
New Construction false
Schools
School District Northland Community Schools