Property for Sale in Fairmont
501 Lake Avenue
Fairmont, MN 56031

Price
$725,000

MLS #
6694284

Status
Active


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Property Details

Year Built
1987

Square Feet
2,200

Parking Features
Concrete,Shared Driveway,Guest Parking,Off Site,Parking Lot

Zoning
Business/Commercial

2025 Property Taxes
$9,449

School District
Fairmont Area Schools

County
Martin


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!!

6694284
Leaflet | Map data © Mapbox contributors

Take State st to E 4th St take a right on Lake Ave, one block on the west side of the street


Take State st to E 4th St take a right on Lake Ave, one block on the west side of the street

Features


Utilities
Electric Common,Heating Common,Hot Water Common

Cooling
Central Air

Heating
Forced Air,Zoned

Sewer
City Sewer/Connected

Water
Public

Waterfront
Dock,Lake Front,Lake View

Additional Info


Includes
Cooktop,Dishwasher,Disposal,Exhaust Fan,Freezer,Microwave,Range,Refrigerator,Wall Oven,Wine Cooler

Listed By
James Draper of Re/max total realty

Listed
04/01/25 and last updated 06/27/25

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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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