Estimated payment $1,904/month
Highlights
- Deck
- No HOA
- 2 Car Attached Garage
- Corner Lot
- The kitchen features windows
- Living Room
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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $492
Year Built
- Built in 1950
Lot Details
- 0.51 Acre Lot
- Lot Dimensions are 120x200
- Partially Fenced Property
- Wood Fence
- Chain Link Fence
- Corner Lot
Parking
- 2 Car Attached Garage
Home Design
- Pitched Roof
- Metal Roof
Interior Spaces
- 672 Sq Ft Home
- 1-Story Property
- Living Room
- Combination Kitchen and Dining Room
- Crawl Space
Kitchen
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
Utilities
- Forced Air Heating System
- 200+ Amp Service
- Private Water Source
Community Details
- No Home Owners Association
- Original Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $642 | $135,900 | $10,000 | $125,900 |
| 2023 | $474 | $107,200 | $3,600 | $103,600 |
| 2022 | $640 | $107,200 | $3,600 | $103,600 |
| 2021 | $752 | $57,900 | $3,600 | $54,300 |
| 2020 | $778 | $66,200 | $3,600 | $62,600 |
| 2019 | $868 | $74,400 | $3,600 | $70,800 |
| 2018 | $3,730 | $61,100 | $3,600 | $57,500 |
| 2017 | $720 | $61,100 | $3,600 | $57,500 |
| 2016 | $580 | $0 | $0 | $0 |
| 2015 | $580 | $63,700 | $3,600 | $60,100 |
| 2014 | $522 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | For Sale | $350,000 | -- | $521 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $50,000 | -- | |
| Warranty Deed | $50,000 | -- | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | Leer Title Services | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $50,000 | New Conventional | |
| Previous Owner | $37,500 | Unknown |
Source: NorthstarMLS
MLS Number: 6790165
APN: 88-337-1430
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