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$325,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 672 Sq. Ft.
  • 0.505 Acres
  • Updated 15 hours ago
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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 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!

Full Property Details for 2 4th Ave E

General

  • Price: $325,000
  • Taxes: $492 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7025484
  • Updated: 2/24/2026
  • Added to Site: 1 day(s) ago

Interior

  • Appliances: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Flooring: Engineered Hardwood

Additional Information

  • Amenities: Ceiling Fan(s), Deck, Kitchen Window, Main Floor Primary Bedroom, Natural Woodwork

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 24 x 40
  • Garage Spaces: 2
  • Parking Features: Attached Garage, Gravel

Location

  • County: Cass
  • Township: Federal Dam
  • Subdivision: Original
  • Driving Directions: From US Hwy 2, go south on Co Rd 8 NE to sign on left.

School Information

  • School District: 734 - Northland Community Schools
  • High School District: Northland Community Schools

Heating & Cooling

  • Cooling Type: Ductless Mini-Split
  • Heating Type: Ductless Mini-Split, Forced Air
  • Heating Fuel: Electric, Propane

Utilities

  • Sewer: City Sewer Connected
  • Water: 4-Inch Submersible, Drilled, Private, Well
  • Utility Description: Electric Separate, Heating Separate

Structural Information

  • Exterior Const.: Frame
  • Basement Desc.: Crawlspace
  • Foundation Size: 672
  • Roof: Age 8 Years or Less, Asphalt, Metal
  • Ceiling Height: Less Than 8 Feet
  • Disability Access: No Stairs Internal
  • Square Feet: 672
  • Finished Down/Base.: 672 Sq. Ft.
  • Current Bldg. Use: Commercial, Recreational, Residential, Resort, Retail
  • Year Built: 1950

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.505
  • Lot Dimensions: 120 x 200
  • Frontage: Paved Streets
  • Potential Use: Restaurant, Retail, Shop, Diversified, Income, Motel/Hotel
  • Zoning: Business/Commercial, Residential-Single Family
  • Lot Description: Corner Lot, Light Tree Coverage
  • Fencing (Description): Partial

Financial Considerations

  • Tax Amount: $492
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: LOTS 7 THRU 10 BLK 14
  • Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Other
  • Property ID: 883371430

Listed by Real Broker,LLC

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— 2 4th Ave E —

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NMLS#: 1598647

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Schools serving 2 4th Ave E

School District:Northland Community Schools
NameGradesDistance
Remer Elementary School
316 Main Street East, Remer, MN 56672
PK-619.4 mi
Northland Secondary
316 Main Street East, Remer, MN 56672
7-1219.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2 4th Ave E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/23/2026
Listed
$325,000
550%
MLS
6/29/2018
Sold
$50,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2 4th Ave E

Year
Property Taxes
Change
Tax Assessment
Change
2025
$642
-15%
$135,900
135%
2021
$752
-1%
$57,900
-36%
2023
$758
1%
$89,800
36%
2021
$752
-13%
$66,200
-11%
2019
$868
-77%
$74,400
22%
2018
$3,730
543%
$61,100
—
2015
$580
—
$61,100
100%
2015
$580
—
-100%
2015
$580
—
$63,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2 4th Avenue E, Federal Dam, MN 56641 (MLS# 7025484) is a Commercial property. 2 4th Avenue E is currently listed for $325,000 and was received on February 23, 2026. Want to learn more about 2 4th Avenue E? Do you have questions about finding other Commercial real estate for sale in Federal Dam? You can browse all Federal Dam real estate or contact a Coldwell Banker agent to request more information.

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