501 Lake AVE Active Save Request In-Person Tour Request Virtual Tour
Fairmont,MN 56031
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