Johnson Hoiseth Lake Minnetonka Real Estate Logo
Description Open House Details Location Market Trends Schools Recent Sales
$350,000 Est. $1,289 / mo.*

2 4th St E Federal Dam , MN 56641

Listing courtesy of Real Broker,LLC.

Description

3 Beds
3 Baths
672 Sqft
22,215 Sqft lot
0.51 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1950
Neighborhood: Original
Days on Website: 35
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!

Open House

Property Details and Features

Amenities
Amenities Unit:
Ceiling Fan(s),Deck,Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork
Appliances & Equipment
Description:
"Dishwasher", "Dryer", "Microwave", "Range", "Refrigerator", "Washer", "Water Softener Owned"
Basement
Description:
"Crawl Space"
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Contact an Agent

Johnson|Hoiseth

9526416500 9522127103

Location

$350,000 -
2 4th St E Federal Dam , MN 56641
Subdivision: Original

Street View

Nearby Schools

Recent Sales in the Area

This data is up-to-date as of November 3, 2025 3:25PM. For the most current information, contact Lakes Sotheby's International Realty, 952-641-6500, Paul@JohnsonHoiseth.com

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