Homes for sale - 501 Lake AVE, Fairmont, MN 56031

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

May

Tue

May

Wed

May

Nick Leavy

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

$750,000

Est. payment - /mo

15,246 SqFt

Save

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 15,246 sqft

Price per Sqft $49

Subdivision Marina Add

MLS Listing ID 6694284

Year Built 1987

Annual Tax Amount $9,518

Lot Size 0.350 Acres

Acres 0.35

Lot Dimensions 145X170

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

Community Marina Add

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

Interior

Heating Forced Air, Zoned

Cooling Central

Window Features Blinds

Exterior

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

Utilities Available Electric Common, Heating Common, Hot Water Common

Roof Type Age 8 Years or Less,Asphalt Shingles,Pitched

Accessibility Accessible Elevator Installed, Doors 36\"+, Grab Bars In Bathroom, Partially Wheelchair, Wheelchair Ramp

Porch Deck, Patio, Terrace

Building

Water City Water/Connected

Structure Type Block,Concrete,Frame,Steel

Others

Senior Community No

Tax ID 233350010

Read Less Info

Listed by RE/MAX TOTAL REALTY

Get More Information

Nick Leavy

+1(612) 236-5331

President | License ID: 40668858

President License ID: 40668858

Quick Search

501 Lake AVE Fairmont, MN 56031

Nick Leavy

Key Details

Location

Interior

Exterior

Building

Others

Get More Information