For Sale: Federal Dam MLS# 6679345
Active
$250,000
Commercial: Business Opportunity
Built 1974
0.4 acres
Northland Community schools
MLS# 6679345
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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
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.