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Federal Dam,MN 56626
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Original
MLS Listing ID 6781575
Year Built 1950
Annual Tax Amount $492
Tax Year 2025
Contingent None
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions 120x200
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
Basement Crawl Space
Interior
Heating Ductless Mini-Split,Forced Air
Cooling Ductless Mini-Split
Inclusions Building,Business Assets,Business,Fixture/Equipment,Inventory,Land,Other
Fireplace No
Appliance Dishwasher,Dryer,Exhaust Fan,Microwave,Range,Refrigerator,Washer
Exterior
Parking Features Attached Garage,Gravel
Garage Spaces 2.0
Utilities Available Electric Separate,Heating Separate
Roof Type Age 8 Years or Less,Asphalt,Metal
Present Use Commercial,Recreational,Residential,Resort,Retail
Building
Lot Description Corner Lot,Some Trees
Story One
Foundation 672
Sewer City Sewer/Connected
Water Submersible - 4 Inch,Drilled,Private,Well
Level or Stories One
Structure Type Wood Siding
Schools
School District Northland Community Schools