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About this home
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!
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Home facts
Facts & features
Interior
- Bedrooms
- 3
- Bathrooms
- 3
- Bath breakdown
- 1 full / 2 3/4
- Heating
- Ductless Mini-Split, Forced Air
- Cooling
- Ductless Mini-Split
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Property
- Levels / stories
- One
- Garage
- 2 spaces · 24x40 · 960 sqft
- Parking features
- Attached Garage, Concrete
- Pool
- None
- Fencing
- Chain Link, Partial, Wood
- Other structures
- Additional Garage, Other, Storage Shed
Construction
- Property type
- Residential
- Property subtype
- Single Family Residence
- Construction materials
- Wood Siding
- Foundation
- 672 sqft
- Roof
- Age 8 Years or Less, Asphalt, Metal, Pitched
- Year built
- 1950
Utilities
- Water
- Private
- Sewer
- City Sewer/Connected
- Electric
- Circuit Breakers, 200+ Amp Service
Community & HOA
- Subdivision
- Original
- HOA
- No HOA
- School district
- Northland Community Schools
Financial & listing details
- Annual tax
- $492 (2025)
- Tax with assessments
- 642.0000
- Listed
- Sep 17, 2025
- Days on market
- 364 · 31 cumulative
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
How SODL buyer credits work
When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.
- Tour homes with SODL’s flexible showing network
- Submit offers and manage your transaction through the platform
- Keep more money at closing through transparent flat-fee pricing
A clear, modern way to buy with expert guidance and meaningful savings.
Estimated monthly payment
These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.
Location
2 4th St, Federal Dam, MN, 56641
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Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.
