501 Lake AVE, Fairmont, MN 56031 - MLS#6694284

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$725,000

Est. payment - /mo

0.36 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Subdivision Marina Add

MLS Listing ID 6694284

Year Built 1987

Annual Tax Amount $9,449

Tax Year 2025

Contingent None

Lot Size 0.360 Acres

Acres 0.36

Lot Dimensions 145X170

Property Sub-Type Business

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!!

Location

State MN

County Martin

Zoning Business/Commercial

Body of Water Sisseton

Rooms

Basement None

Kitchen Cookware/Utensils, Prep Station, Refrigerator, Shelving and Racks, Walk-In Cooler/Freezer, Warming Table, Dishwasher, Flat Top, Freezer, Fryer, Grill, Oven

Interior

Heating Forced Air, Zoned

Cooling Central Air

Inclusions Building, Business, Fixture/Equipment, Inventory, Land

Fireplace No

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

Exterior

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

Utilities Available Electric Common, Heating Common, Hot Water Common

Waterfront Description Dock,Lake Front,Lake View

View Lake, West

Roof Type Age 8 Years or Less,Asphalt,Pitched

Present Use Event Space,Food Service,Restaurant,Bar/Tavern

Building

Story Two

Foundation 900

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Wood Siding

Schools

School District Fairmont Area Schools

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Listed by James Draper • RE/MAX TOTAL REALTY

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