2 4th Ave E, Federal Dam, MN 56641

Local realty services provided by:ERA Viking Realty
2 4th Ave E,Federal Dam, MN 56641
$325,000
  • 3 Beds
  • 3 Baths
  • 672 sq. ft.
  • Single family
  • Active
Listed by: dan nielsen
Office: real broker,llc
MLS#:7025486
Source:NSMLS

Price summary

  • Price:$325,000
  • Price per sq. ft.:$483.63

About this home

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

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Home facts

  • Year built:1950
  • Listing ID #:7025486
  • Added:1 day(s) ago
  • Updated:February 24, 2026 at 01:57 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:1
  • Living area:672 sq. ft.

Heating and cooling

  • Cooling:Ductless Mini-Split
  • Heating:Ductless Mini-Split, Forced Air

Structure and exterior

  • Roof:Age 8 Years or Less, Asphalt, Metal, Pitched
  • Year built:1950
  • Building area:672 sq. ft.
  • Lot area:0.5 Acres

Utilities

  • Water:Private
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$483.63
  • Tax amount:$492 (2025)
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

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