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For Sale:  Federal Dam MLS# 6679345

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Active
$250,000
/mo Edit
Commercial:  Business Opportunity
Built 1974
0.4 acres
Northland Community schools
MLS# 6679345
763-576-8286
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    Property Description

    A lucrative business opportunity awaits the one with a vision! This well-known establishment is located in Federal Dam on the shores of Leech Lake, rich in history of entertaining fishermen and tourists alike. The building is a solid 4900 square feet and currently houses a convenience store, cafe, bar & restaurant complete with a dance floor & band stand. The kitchen and bar are intact and all fixtures are included in the sale. The business is currently not in full operation. Nearby Corps of Engineers campground has hundreds of campers each season. Be the only spot in town to get food & beverages and the only spot for miles around! This location would be a fantastic family business ~ add some bait & tackle for additional revenue from the tens of thousands of people that fish Leech Lake each year. Come see it today and begin your next chapter!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $250,000
    Property Type: Commercial
    City: Federal Dam
    Garage Spaces: 0
    County: Cass
    Year Built: 1974
    State: MN
    Property Style: Business Opportunity
    Zip Code: 56641

    Interior

    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Block
    • Partial
    • Storage Space

    Exterior

    Garage Spaces: 0
    Other Parking Spaces: 30
    Air Conditioning: Central Air
    Foundation Size: 4,900 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Asphalt
    Road Frontage: City Street
    Exterior Material: Metal Siding
    Roof Details:
    • Metal
    • Pitched

    Lot & Land

    Acres: 0.4
    Geolocation: 47.2457187903, -94.217359246
    Inclusions: Building, Fixture/Equipment, Land, Other
    Lot Dimensions: 110 x 150 x 110 x 150
    Zoning: Business/Commercial

    Schools

    School District: 118
    District Phone: 218-566-2351

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $996
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $1,898

    Units

    Total Units: 1

    Miscellaneous

    Current Use:
    • Bar/Tavern
    • Commercial
    • Food Service
    • Restaurant
    • Vacant
    Fuel System: Propane
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: Well

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of Thunder Lake Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.