For Sale: Federal Dam MLS# 6790165
Active
$350,000
Single Family: 1 Story
3 br • 3 ba • Built 1950
672 sqft • 0.51 acres
Northland Community schools
MLS# 6790165
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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
Price per sq ft:
$521
Property Type:
Single Family
City:
Federal Dam
Garage Spaces:
2
County:
Cass
Year Built:
1950
State:
MN
Property Style:
1 Story
Zip Code:
56626
Subdivision Name:
Original
Interior
Bedrooms:
3
Bathrooms:
3
Finished Area:
672 ft2
Total Fireplaces:
0
Living Area:
672 ft2
Common Wall:
No
Appliances Included:
- Dishwasher
- Dryer
- Microwave
- Range
- Refrigerator
- Washer
- Water Softener Owned
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
Fencing:
Chain Link, Partial, Wood
Handicap Accessible:
No Stairs Internal
Out Buildings:
Additional Garage, Other, Storage Shed
Road Responsibility:
Public Maintained Road
Heating System:
- Ductless Mini-Split
- Forced Air
Parking Features:
- Attached Garage
- Concrete
Unit Amenities:
- Ceiling Fan(s)
- Deck
- Hardwood Floors
- Kitchen Window
- Main Floor Primary Bedroom
- Natural Woodwork
Road Frontage:
Paved Streets
Exterior Material:
Wood Siding
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
- Metal
- Pitched
Rooms
1/4 Baths:
None
Full Baths:
1
Half Baths:
None
3/4 Baths:
2
Bathroom Details:
- Main Floor 3/4 Bath
- Main Floor Full Bath
Dining/Kitchen:
Kitchen/Dining Room
| Main Level | Size | Sq Ft |
|---|---|---|
| Kitchen | — | — |
| Living Room | — | — |
| Bathroom | — | — |
Lot & Land
Acres:
0.51
Geolocation:
47.244389, -94.217384
Lot Dimensions:
120 x 200
Wooded Acres:
0
Zoning:
- Business/Commercial
- Residential-Single Family
Lot Description:
Corner Lot
Farm
Tillable Acres:
0
Pasture Acres:
0
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
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fuel System:
- Electric
- Propane
Sewer System:
City Sewer/Connected
Water System:
Private
Power Company Name:
Lake Country Power
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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!
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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.