$725,000
( $329.55Per Sq Foot )
 $3,892 est/mo Sourced by Back At You

501 Lake Avenue,Fairmont, MN 56031

Fairmont, MN 56031

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Description

Lakefront Restaurant/Bar for Sale! Well established and newly remodeled property (2021) with 2 full bars, indoor/outdoor seating, lake/dock access on the Fairmont Chain Of Lakes! The property has 142 ft of lakeshore, with just a few steps to the lake. It has a new 100 ft dock for guests to arrive by boat and plenty of parking for vehicles. The main floor bar is cozy and quaint with a full bar, high top tables, 2 TV's, pull tab machines, and restrooms. The outdoor area is the perfect place spring, summer and fall with plenty of seating, an outdoor covered stage with stage lights, enough electrical capability, along with stainless steel rails for additional seating and great views of the lake. The upper level provides large picturesque windows another full bar, tables and chairs that can seat approximately 50 people, 2 TV's, an electric fireplace, a handicap accessible restroom and an outdoor deck with seating. The upper level gives the establishment more room during the colder months, rainy days and also a place to reserve for private parties! This level is accessible by elevator or an indoor & outdoor stairway. The kitchen was remodeled in 2015 and is equipped with a flat top, fryer, oven, dishwasher, cold prep area, heat lamp area, a walk in cooler and freezers. There is also a gas tank for the boaters for additional income along with 12 leased (5 yr) boat slips adjacent to the property. The equipment, furnishings and inventory will stay with the sale. Come take a look at this amazing turn key property!!

Details

MLS #6694284
Listing TypeFor Sale
StyleOther Business Opportunity
Sub-TypeResale
StatusActive
Year1987
Days On Site102
Listing Provided ByRE/MAX TOTAL REALTY | The Jimmy & Jackie Team

Features

SQ Feet2,200
Story(s)2
Units1
ZoningBusiness/Commercial
Acreage0.36
Water FrontYes
Property ViewLake, West

Interior

CoolingCentral Air
HeatingForced Air, Zoned
AppliancesCooktop, Dishwasher, Disposal, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Wall Oven, Wine Cooler

Exterior

RoofAge 8 Years or Less, Asphalt, Pitched
Construction MaterialsWood Siding

Parking

Parking FeaturesConcrete, Shared Driveway, Guest Parking, Off Site, Parking Lot

Utilities

UtilitiesElectric Common, Heating Common, Hot Water Common

Taxes

Property9449

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

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Learn More About This Property

StateMN
CountyMartin
CityFairmont
Zip Code56031
Community NameMarina Add
School District2752
Sourced by Back At You
Listing Updated: July 11, 2025 at 5:08:21 AM PDT
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