1.jpg
IMG_9013.JPG

Photos (73)

501 Lake Avenue

Fairmont, MN 56031

List Price

$725,000

Status

Active

Days on Market

113 Days

Days on this site may differ from MLS DOM

MLS #

6694284

Have questions about this property?

Get expert advice from a local Minnesota agent

Ask About This Property

Bedrooms

N/A

Bathrooms

N/A

Square Feet

N/A

Garage

0

Year Built

1987

View All Saved ()

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!!

ℹ️

This home sale information is not an appraisal, CMA or home valuation.

Sold data available — toggle Status to Sold or return to search.

Have questions about this property?

Get expert advice from a local Minnesota agent

Ask About This Property
NorthstarMLS LogoBroker Reciprocity LogoListing Courtesy of: RE/MAX TOTAL REALTY
MLS# 6694284Status: Active
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Based on information from MLS GRID as of the last site update. 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.
IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by MLS GRID, and the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Some IDX listings have been excluded from this website.
Any use or search of data on this website, other than by a consumer looking to purchase real estate, is prohibited.