501 & 504 Lake AVE, Fairmont, MN 56031
501 & 504 Lake AVE, Fairmont, MN 56031
501 & 504 Lake AVE, Fairmont, MN 56031
501 & 504 Lake AVE, Fairmont, MN 56031
501 & 504 Lake AVE, Fairmont, MN 56031
501 & 504 Lake AVE, Fairmont, MN 56031
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$ 750,000
Est. payment | /mo

0.36 Acres Lot


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$ 750,000
Est. payment | /mo
Save

0.36 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Marina Add

MLS Listing ID 7045816

Year Built 1987

Annual Tax Amount $9,821

Tax Year 2025

Contingent None

Lot Size 0.359 Acres

Lot Dimensions 145X170

Property Description

Nice opportunity to own a well-established, turnkey lakefront restaurant/bar on the beautiful Fairmont Chain of Lakes. This remodeled property (2021) offers 142 feet of lakeshore and a new 100-foot dock, allowing guests to conveniently arrive by boat while also providing ample on-site parking for vehicles. The comfortable, fun, lake setting creates an enjoyable experience, combining steady local traffic with seasonal lake visitors.
The main level features an inviting bar area with high-top seating, televisions, pull-tab machines, and restrooms, creating the perfect casual atmosphere. The outdoor space is designed to maximize enjoyment during the spring, summer, and fall seasons. Guests can relax with ample seating, take in the views, and enjoy live entertainment from the covered stage, which is equipped with lighting and sufficient electrical capacity. Stainless steel rail seating adds to the functionality and appeal of the outdoor space.
The upper level expands the experience with a second full bar, seating for approximately 50 guests, large windows showcasing picturesque lake views, an electric fireplace, and access to an outdoor deck overlooking the guests and music below. This level has both elevator access and indoor/outdoor stairways with a handicap-accessible restroom. It can also be reserved for private events, offering flexibility for additional revenue year-round. During the winter it provides a larger area to continue hosting entertainment.
The kitchen, remodeled in 2015, is fully equipped and designed for efficiency, featuring a flat top, fryer, oven, dishwasher, cold prep area, heat lamp station, walk-in cooler, and freezers.
Additional income opportunities include fuel sales for boaters and 12 leased boat slips (5 yr lease).
All equipment, furnishings, and inventory are included in the sale, making this a true turnkey operation. With its strong reputation, multiple revenue streams, and prime waterfront location, this property presents an exceptional opportunity for an owner-operator or investor to step into a thriving business.

Location

State MN

County Martin

Zoning Business/Commercial

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

Flooring Carpet, Floor Drains

Inclusions Building, 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

Fence Partial

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

Road Frontage N

Building

Story Two

Foundation 900

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Block,Concrete,Frame,Steel Siding

New Construction false

Schools

School District Fairmont Area Schools

Listed by James Draper • RE/MAX TOTAL REALTY

NEARBY SCHOOLS & PROPERTIES

Brad Lacher

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(952) 200-1994

brad@greatmnhomes.com

8604 Eagle Creek Cir, Savage, MN, 55378, USA

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501 & 504 Lake AVE