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$325,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 2 Partial Baths
  • 672 Sq. Ft.
  • 2 Car Garage
  • Updated 1 hour 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 (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!

Full Property Details for 2 4th St Ave E

General

  • Price: $325,000
  • Taxes: $492 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7025486
  • Updated: Today (2/23/2026)
  • Added to Site: Today

Interior

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Dining Room: Kitchen/Dining Room
  • Formal Dining Room: Kitchen/Dining Room
  • Laundry: Common Area, Laundry Room, Main Level, Common Area, Laundry Room, Main Level

Additional Information

  • Amenities: Ceiling Fan(s), Deck, Hardwood Floors, 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, Concrete

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: Private

Structural Information

  • Exterior Const.: Frame
  • Basement Desc.: Crawlspace
  • Foundation Size: 672
  • Roof: Age 8 Years or Less, Asphalt, Metal, Pitched
  • Disability Access: No Stairs Internal
  • Square Feet: 672
  • Above Ground: 672 Sq. Ft.
  • Year Built: 1950

Additional Structures

  • Other Structures: Garage(s), Other, Storage Shed

Lot Features

  • Lot Size (Acres): 0.505
  • Lot Dimensions: 120 x 200
  • Frontage: Paved Streets
  • Zoning: Business/Commercial, Residential-Single Family
  • Lot Description: Corner Lot
  • Fencing (Description): Chain Link, Partial, Wood

Financial Considerations

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

Disclosures and Reports

  • Legal Description: LOTS 7 THRU 10 BLK 14

Listed by Real Broker,LLC

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— 2 4th St Ave E —

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Price & Sales History for 2 4th St 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 St 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 St Avenue E, Federal Dam, MN 56641 (MLS# 7025486) is a Single Family property with 3 bedrooms, 1 full bathroom and 2 partial bathrooms. 2 4th St Avenue E is currently listed for $325,000 and was received on February 23, 2026. Want to learn more about 2 4th St Avenue E? Do you have questions about finding other Single Family 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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