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For Sale:  Federal Dam MLS# 6781575

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Active
$350,000
/mo Edit
Commercial:  1 Story
Built 1950
0.51 acres
Northland Community schools
MLS# 6781575
763-576-8286
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    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!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $350,000
    Property Type: Commercial
    City: Federal Dam
    Garage Spaces: 2
    County: Cass
    Year Built: 1950
    State: MN
    Property Style: 1 Story
    Zip Code: 56626
    Subdivision Name: Original

    Interior

    Ceiling Height: Less Than 8 Feet
    Ranges: Three
    Refrigerators: Four
    Appliances Included:
    • Dishwasher
    • Dryer
    • Exhaust Fan
    • Microwave
    • Range
    • Refrigerator
    • Washer
    Basement Details: Crawl Space

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Dimensions: 24x40
    Garage Size: 960 ft2
    Garage Door Height: 9
    Garage Door Width: 8
    Other Parking Spaces: 6
    Air Conditioning: Ductless Mini-Split
    Foundation Size: 672 ft2
    Handicap Accessible: No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System:
    • Ductless Mini-Split
    • Forced Air
    Parking Features:
    • Attached Garage
    • Gravel
    Shared Amenities: None
    Unit Amenities:
    • Ceiling Fan(s)
    • Deck
    • Kitchen Window
    • Main Floor Primary Bedroom
    • Natural Woodwork
    Road Frontage: Paved Streets
    Exterior Material: Wood Siding
    Roof Details:
    • Age 8 Years or Less
    • Asphalt
    • Metal

    Lot & Land

    Acres: 0.51
    Geolocation: 47.244389, -94.217384
    Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Other
    Lot Dimensions: 120 x 200
    Zoning:
    • Business/Commercial
    • Residential-Single Family
    Lot Description:
    • Corner Lot
    • Some Trees

    Farm

    Topography: Level

    Schools

    School District: 118
    District Phone: 218-566-2351

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $492
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $642

    Units

    Total Units: 3

    Miscellaneous

    Current Use:
    • Commercial
    • Recreational
    • Residential
    • Resort
    • Retail
    Fuel System:
    • Electric
    • Propane
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    Water System:
    • Drilled
    • Private
    • Submersible - 4 Inch
    • Well

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Real Broker,LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.