MN
Martin
Fairmont
56031
501 Lake Avenue
501 Lake Avenue, Fairmont, MN 56031
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Listing Type
Commercial/Industrial
Listing Status
active
73
$725,000

Home Details for 501 Lake Avenue

Price
$725,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1987
Lot size acres
0.36
County
Martin
Garage
Basement
None
Days on site
174
MLS Listing#
6694284
Property 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!!

Property Features
  • Parking
    • Concrete
    • Shared Driveway
    • Off Site
    • Parking Lot
    • Guest
    • Driveway
  • Heating Information
    • Natural Gas
    • Forced Air
    • Zoned
  • House Interior
    • Elevator
    • Vaulted Ceiling(s)
    • Wet Bar
  • Cooling Information
    • Ceiling Fan(s)
    • Central Air
  • Waterfront and Water Access
    • Lake Front
  • Water Features
    • Public
  • Basement
    • None
Listing Courtesy: RE/MAX TOTAL REALTY - 507-235-5666
NorthstarMLS logo Based on information submitted to the MLS GRID as of 2025-09-04 06:27:49. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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EXIT REALTY - GREAT PLAINS
400 South State Street, Ste #330, Fairmont, MN 56031
Office
888 446 2973
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